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Fed Chair Powell Hints At RATE CUTS As Trump Policies Shake Economy | TRENDING
Posted
August 22, 2025
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August 22, 2025
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4:33Now PlayingFederal Reserve Chair Jerome Powell said Friday the central bank faces “significant uncertainty” as it attempts to navigate the impact of President Trump’s policies, suggesting the bank could cut rates as the job market weakens.
In remarks at the Fed’s annual summit in Jackson Hole, Wyo., Powell said the Fed needs to determine whether the impact of Trump’s tariffs, immigration restrictions and tax cuts will be temporary, or lead to permanent changes in the U.S. economy.
Even so, Powell said, the weakening of the U.S. labor market could push the Fed to slash interest rates at a point to be determined.
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