"Fed's megaphone": Powell opens the door for a rate cut as early as next month's meeting

ChainCatcher news, according to a report by the Wall Street Journal's renowned journalist, Nick Timiraos, known as the "Fed's mouthpiece," Federal Reserve Chairman Powell opened the door for a possible rate cut as early as next month's meeting on Friday. He indicated that the job market may face a more severe slowdown, which could alleviate concerns about rising inflation driven by tariffs leading to increased costs.

However, Powell's remarks, by emphasizing concerns about inflation, tempered market expectations for a series of aggressive rate cuts by the Federal Reserve. Inflation has been above the Fed's 2% target for more than four consecutive years.