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PBS NewsHour

Powell hints at rate cut, but Fed in 'challenging situation'

Season 2025 Episode 234 | 7m 00s

In a closely watched speech, Fed Chair Jerome Powell gave the strongest indication yet that the central bank will cut interest rates as soon as September. With inflation ticking up and the job market cooling down, Powell said the Fed was in a “challenging situation.” Amna Nawaz discussed more with Loretta Mester, the former president and CEO of the Federal Reserve Bank of Cleveland.

Major corporate funding for the PBS NewsHour is provided by Care.com, Consumer Cellular, and Fidelity. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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