Powell Signals September Rate Cut
Analysis based on 6 articles · First reported Aug 22, 2025 · Last updated Aug 22, 2025
Markets reacted strongly to Jerome Powell's dovish comments, with the United States plunging against major currencies like the Europe and Japan — Japanese yen. Traders significantly increased their expectations for a September rate cut by the United States — Federal Reserve, leading to a general risk-on sentiment reflected in gains for cryptocurrencies like Bitcoin.
United States — Federal Reserve Chair Jerome Powell signaled a possible interest rate cut at the central bank's September meeting during his speech at the annual conference in Jackson Hole, Wyoming. Powell highlighted rising downside risks to employment due to a slowing labor market. This dovish stance led to a broad decline in the United States against other major currencies, including the Europe, Japan — Japanese yen, United Kingdom — Pound sterling, and Australia — Australian dollar. Market participants are now pricing in high odds of a September rate cut and further easing by year-end. Additionally, concerns about the United States — Federal Reserve's independence were raised after Donald Trump called for the resignation of United States — Federal Reserve Governor Lisa Cook, threatening to fire her if she did not comply.
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