The Fed may need to cut rates at its next meeting due to growing risks to the economy, including some “unusual” behavior in the job market that could become a cause for concern, Fed Chair Jerome Powell said Friday.

Minutes after the speech, investors pegged the chances of a quarter-point interest rate cut at 91%, up from a 75% chance assessed one day earlier, according to CME FedWatch Tool, a measure of market sentiment. Despite the market's positive reaction to Powell's speech, the Fed chair voiced a note of caution for the outlook for the U.S. economy.

World shares are mixed after Wall Street fell to a fifth straight loss, and as traders look for cues about U.S. monetary policy from a meeting of central bankers in Jackson Hole, Wyoming

Federal Reserve Chairman Jerome Powell will deliver a speech next Friday at the Kansas City Fed's annual central banking conference in Jackson Hole, Wyoming. You might be interested in: U.S. orders deployment of military forces in the Caribbean to fight Latin American drug cartels labeled as terrorists,

Federal Reserve Chair Jerome Powell is set to deliver his final speech at Jackson Hole amidst pressure from the Trump administration for interest rate cuts. With his term ending and Trump vowing to replace him,

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According to Bloomberg Economics, "Federal Reserve Chair Jerome Powell has the opportunity to settle the speculation with his speech at the annual Jackson Hole Symposium", but economists Anna Wong, Stuart Paul, Eliza Winger, Estelle Ou and Chris G. Collins think he won't be as frank this year.