#PowellRemarks According to BlockBeats, the chairman of the Federal Reserve, Jerome Powell, indicated potential support for another interest rate cut later this month, citing signs of further distress in the U.S. labor market. Powell stated that the "downside risks to employment have increased," marking the strongest suggestion to date that Fed officials believe there is enough evidence to justify a 25 basis point reduction in borrowing costs in the United States.
This statement suggests a possible increase soon.
