for the current date: 2025-08-23.
The Federal Reserve (The Fed) Chairman Jerome Powell has signaled a potential for interest rate cuts, but without specifying a timeline. He emphasized a cautious approach and continued evaluation of economic impacts from tariffs and other policies [[3]]. Investors anticipate a 25 basis point rate cut at the September 16-17 meeting, though three more meetings remain this year (september, October, and December) with uncertain timing for further cuts [[3]]. The Fed last cut rates in December 2024, holding them at 4.25-4.50% as January 2025. Powell noted the policy is currently restrictive but that the balance of economic risks is shifting, citing concerns about slowing employment growth and rising inflation risks from tariffs [[3]]. US inflation was 2.7% year-over-year in July 2025, while unemployment rose to 4.2% [[3]]. Powell underscored the Fed’s independence, responding to pressure from the White House [[3]].