๐—ช๐—ต๐—ฎ๐˜ ๐—ช๐—ถ๐—น๐—น ๐—ฃ๐—ผ๐˜„๐—ฒ๐—น๐—น ๐—ฆ๐—ฎ๐˜† ๐—ฎ๐˜ ๐—๐—ฎ๐—ฐ๐—ธ๐˜€๐—ผ๐—ป ๐—›๐—ผ๐—น๐—ฒ?

Federal Reserve Chair Jerome Powell is scheduled to speak today, September 4, 2025, at 10:00 a.m. ET at the Jackson Hole Economic Symposium.

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Will He Discuss a Potential Rate Cut?

Yes, heโ€™s expected to address the possibilityโ€”but with caution.

Powellโ€™s speech on August 22 opened the door to a September rate cut, highlighting a cooling labor market and elevated inflation. While not a firm commitment, it signaled growing openness to easing monetary policy.

He described the job market as being in a "curious balance"โ€”with job growth slowing but unemployment still lowโ€”and suggested that risks to employment may warrant adjusting the policy stance.

Market reaction was swift: expectations for a 25 basis point cut in September rose significantly, with CME FedWatch and analysts increasing probabilities from around 75% up to as much as 87โ€“91%.

However, Powell maintained a nuanced, data-dependent toneโ€”not committing explicitly to a cut but leaving it clearly on the table.

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Bottom Line for Today

Yes, he likely will talk about the prospect of a rate cut.

But expect him to remain fairly cautious, emphasizing that whether a cut happens depends entirely on upcoming economic dataโ€”like job and inflation reports due in early to mid-September.

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Summary Table

Question Answer

Is Powell speaking today? Yes โ€” September 4, 2025, at 10:00 a.m. ET, at Jackson Hole.

Will he discuss a rate cut? Likely yes โ€” he signaled openness to a September cut at his August speech.

How confident is the cut? Markets see strong odds (75โ€“91%), but Powell stressed data-dependence.

Tone of his messaging? Balanced and cautiousโ€”not a firm promise, but an open door to easing.