Fed's Powell Says 'Time Has Come' for Policy to Adjust

"The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks," Federal Reserve Chair Jerome Powell says at the Fed's annual economic symposium in Jackson Hole, Wyoming.
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[@redjetsen1002]

lower rates will not lead to more employment. The curve of modern economies promotes efficiencies while reducing employment costs. AI will only accelerate this. Lowering rates will only fuel the wild speculation that got us into this mess.

[@chessdad182]

The punch bowl overflows!

[@redjetsen1002]

0:29 min translation..."You're not getting a raise labor"

[@proletariat33]

Jpowell is our savior

[@kevlee80rudals]

Here we go again…I hope you own assets, your fiat money about to be devalued.

[@71furo]

All banksters in jail!!!!

[@Personalfinance_10174]

So those PPP funds have finally been used up. I wonder if DOJ just looked at who bought Ferraris to find the PPP fraud (of course most of it wasn't detected).

[@patriotsouthern8123]

And turn the money printers on!! Woo hoo! Blast that inflation back up by October 2025 baby! Weaker dollar! Loss of purchasing power! Wow! So great! Thanks JP!

[@martinjrtremblay]

No need to worry about the dollar, there is no other World Currency. The rest of the world is the dummer for it

[@patriotsouthern8123]

@@martinjrtremblay you must not pay attention at all lol

[@patriotsouthern8123]

@@martinjrtremblay your house isn’t worth more. The dollar is just worth less

[@martinjrtremblay]

@@patriotsouthern8123 thank you teacher for your wisdom.

[@patriotsouthern8123]

@@martinjrtremblay BRIC’s will soon launch their currency to rival the dollar as we print ours to oblivion

[@MrKenng123]

That's why I am hoping for all economic indicators to worsen. If not worsening, then how can it convince the Fed to cut interest rates aggressively? Lol. 😅😊

[@timafiggy]

Um

[@mlmoreno75]

Now that they realized unemployment is way off from what they thought it was... Got to lower those interest rates now for Kamala...

[@Burgermonster]

Unemployment is still way down, best in many decades! They're lowering rates because their objective of lowering inflation has made substantial progress. This is independent of Kamala.