FED'S POWELL OPENS DOOR TO SEPTEMBER EASING

U.S. Federal Reserve Chair Jerome Powell on Friday pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to it in remarks that walked a narrow line acknowledging growing risks to the job market while also saying risks of higher inflation remain.

"While the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers," Powell told an audience of international economists and policymakers at the Fed's annual conference in Jackson Hole, Wyoming.

Learn More