Fed Poised for First Rate Cut in 2025 as Weak Jobs Data and Political Pressure Mount

Powell himself acknowledged in an August speech that tariffs imposed under the Trump administration are lifting prices, but he suggested those effects may be temporary. Instead, he warned that risks to employment are growing more acute.

Standard Chartered Now Sees Fed Cutting Rates 50 Basis Points After Weak August Jobs Report

Dow Jumps 846 Points to Record as Powell Signals Rate Cut

Powell Signals Fed May Cut Rates Soon, But Inflation Risks Keep Path Uncertain

Powell spoke as the Fed faced an unusual degree of political scrutiny. U.S. President Donald Trump has for months lambasted Powell for keeping rates “too high” and has urged swift cuts, arguing such a move would lower the government’s borrowing costs on its $37 trillion debt and revive the housing market.

Bitcoin, Ethereum Drop as Fed’s Hammack Signals No Rate Cuts

Beijing Expected to Keep Benchmark Rates Unchanged in August

U.S. Treasury Secretary Signals Expectation for Bank of Japan to Hike Rates

Australia’s central bank cuts interest rate to two-year low of 3.60%

Federal Reserve Keeps Benchmark Rate Unchanged Amid Economic Uncertainty

Ray Dalio Predicts 'Economic Heart Attack' Within Three Years if U.S. Fails to Tame Deficit