Breaking news: Fed preparing to cut rates, Powell signals

The New York Times <breakingnews-noreply@nytimes.com>
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2025-08-22 16:13

Jerome Powell said the “balance of risks” across the economy had started to shift.
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The New York Times

Aug. 22, 2025, 10:12 a.m. ET

BREAKING NEWS

Jerome Powell wearing a light blue collared shirt and a navy suit.
Jim Urquhart/Reuters

Powell Sends Strongest Signal Yet That Interest Rate Cuts Are Coming

Jerome Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.

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