Jerome Powell said the labor market might be softening enough to rein in inflation that is being pushed up by tariffs .

Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.

Federal Reserve Chairman Jerome Powell is delivering a high-profile speech in Jackson Hole, Wyoming, as he faces major pressure from President Donald Trump to lower interest rates. He’s scheduled to begin speaking at 10 a.

While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.

Federal Reserve Chair Jerome Powell's closely watched Jackson Hole speech on Friday boosted optimism in markets that the U.S. central bank is poised to ease rates, sending investors to pile into riskier assets and interest-rate-sensitive sectors.