* Federal Reserve Chairman Jerome Powell opened the door on Friday for a potential interest rate cut during the bank's meeting in September, but he did not commit to it explicitly.
* This came during his speech at the annual Fed symposium in Jackson Hole, Wyoming, where he acknowledged the increasing risks threatening the labor market and that the risks of rising inflation still remain.
* Powell said in front of a crowd of economists and international policymakers, 'At a time when the labor market seems to be in a state of balance, a strange balance caused by a noticeable slowdown in job supply and demand, this unusual situation signals increasing negative risks to employment. If these risks materialize, they could come to fruition quickly.'
* He added, 'However, increasing pressure on prices, stemming from tariffs, could exacerbate inflation, a risk that must be assessed and managed.'
* Powell went on to say that 'the stability of the unemployment rate and other labor market metrics allows us to proceed cautiously when considering adjustments to our policy.'
* Powell's remarks pave the way for a potential interest rate cut during the scheduled Federal Reserve meeting on September 16 and 17, but they also rely on job and inflation reports that will be released before that date.
* The next monthly jobs report is scheduled to be released on September 5, and consumer and producer price data will be released in the following week.
* Powell's comments did not provide much guidance on when or how quickly to continue cutting interest rates, a move likely to provoke new pressures from Trump, who asserts that there is no risk of inflation and that the Fed should cut rates immediately.
* U.S. President Donald Trump is pressuring the Federal Reserve by calling for Powell's resignation. Trump also urged Federal Reserve Board member Lisa Cook to resign a few days ago.
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