Powell’s Jackson Hole Signal on Rates Seen as Good for One Cut

The article discusses the potential for a rate cut by the Federal Reserve following Chair Jerome Powell's remarks at the Jackson Hole economic symposium. According to the article, policymakers within the Fed who have been advocating for lower interest rates appear to be nearing their goal, as Powell signaled the possibility of a rate cut in September. The article suggests that the Fed is divided on the issue, with some members pushing for rate cuts while others maintain a more hawkish stance. However, Powell's comments at Jackson Hole have been interpreted as a signal that the Fed is leaning towards a rate cut, which would likely be viewed as a positive development by markets and investors. The article does not provide specific details on the reasoning or economic conditions that may have influenced Powell's comments, but it highlights the ongoing debate within the Fed and the potential for a rate cut in the near future.