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Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher

03:46
Fed Chair Jerome Powell signaled a potential rate cut at his much anticipated speech in Jackson Hole, Wyoming — but stopped short of promising a rate cut at the next Fed meeting in September. (Getty Images)
Fed Chair Jerome Powell signaled a potential rate cut at his much anticipated speech in Jackson Hole, Wyoming — but stopped short of promising a rate cut at the next Fed meeting in September. (Getty Images)

This article was originally published on August 22, 2025.

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