Jerome Powell opens up to a possible interest rate cut

In his latest speech at the Jackson Hole symposium, Fed Chairman Jerome Powell opened the door to a US interest rate cut. He didn't specify a specific timeframe, however, but listed several factors that could push the Federal Reserve to change course.

Powell, in fact, speaks of an increase in inflation risks, while the employment outlook is downbeat.

According to the Fed Chairman, the effects of tariffs on consumer prices are visible: the tariffs have begun to push up prices in some product categories. He then warned those who would influence the Fed: monetary policy does not follow a predetermined path. Decisions, Powell continued, are made exclusively based on data analysis and are completely independent.

Donald Trump, who has long called for rate cuts, disagrees. He is now once again demanding the resignation of one of the Fed's directors, Lisa Cook. Otherwise, he will fire her. The governor is under scrutiny by a federal agency for alleged mortgage fraud.