Federal Reserve Chair Jerome Powell on Friday signaled that the central bank is preparing to resume interest rate cuts soon, warning of growing labor market risks even as inflation remains elevated.

In his final speech as Fed chair at the Kansas City Fed’s annual conference in Jackson Hole, Wyoming, Powell stopped short of committing to a 25-bps rate cut at the central bank’s September meeting or providing a timeline of when a cut could occur.

Powell and the Fed as a whole have faced pressure from the Trump administration to cut rates over the past few months. Several officials, including details ⇒

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