#PowellRemarks Federal Reserve Chair Jerome Powell's recent remarks signal a pivotal shift in U.S. monetary policy. At the Jackson Hole Economic Symposium in August 2024, Powell indicated that the "time has come" for interest rate cuts, citing declining inflation and a softening labor market. He emphasized that future rate adjustments will be data-dependent, aiming to return inflation to the 2% target while maintaining economic stability .​El País+3Forbes+3AP News+3Investopedia

In his March 2024 testimony before Congress, Powell noted that the policy rate is likely at its peak for the current tightening cycle. He stated that rate cuts are on the table if the economy evolves as expected, but the Federal Reserve is in no rush to reduce rates until there's greater confidence that inflation is moving sustainably toward 2% .​CNN+1KRDO+1KRDO

These developments suggest a cautious yet responsive approach by the Federal Reserve, balancing the goals of controlling inflation and supporting economic growth.​Latest news & breaking headlines+6AP News+6Investopedia+6