CoinVoice has recently learned that, according to Federal Reserve Chairman Powell, the constantly 'changing' economic risks have given the Federal Reserve a more sufficient reason to cut interest rates. This statement indicates that Powell has aligned himself with the 'dove' camp within the Federal Open Market Committee responsible for setting interest rates and also signals that he may support a 25 basis point rate cut at the Fed's next meeting in September. According to the CME FedWatch Tool, the probability of a 25 basis point rate cut in September has risen to 85.2% (up from about 75% before Powell's remarks), while the probability of keeping rates unchanged is 14.8%. [Original link]