Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole SpeechJerome H. Powell made it clear that the Federal Reserve will cut rates on Sept. 18, as the central bank turns the corner in its fight against inflation.
Source: Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole Speech (https://www.nytimes.com/2024/08/23/business/economy/fed-rates-powell-jackson-hole.html)