With Fed Under Fire, Powell Sets Stage For Cuts But Warns The Future Is Murky

Federal Reserve Chair Jerome Powell used his final speech at an annual central bank summit to highlight how tariffs and changes to immigration and tax policy had added significant uncertainty to the economy.

“Changes in trade and immigration policies are affecting both demand and supply,” Powell said in the closely watched speech from Jackson Hole, Wyoming. “In this environment, distinguishing cyclical developments from trends or structural developments is difficult.”...   ...more

RSK: Hard to plan with uncertainty but my gut feeling is once the tariff situation settles down, the Feds will start dropping rates...ever so slowly.