The time has finally come for a rate cut. That was the takeaway of Fed Chair Jerome Powell's remarks in Jackson Hole on Friday when he let the world know to expect a cut at the next ​​Fed meeting in September.

Bloomberg’s Mike McKee joins host Sarah Holder from Jackson Hole to discuss what that cut could look like — and what it would mean for the economy, the US election and the American consumer.Read more: Powell’s Pivot Leaves Traders Debating Size, Path of Rate Cuts

Listen more: The Federal Reserve's Tricky Economic and Political Terrain

The time has finally come for a rate cut. That was the takeaway of Fed Chair Jerome Powell's remarks in Jackson Hole on Friday when he let the world know to expect a cut at the next ​​Fed meeting in September. Bloomberg’s Mike McKee joins host Sarah Holder from Jackson Hole to discuss what that cut could look like — and what it would mean for the economy, the US election and the American consumer.Read more: <a href="https://www.bloomberg.com/news/articles/2024-08-25/powell-s-pivot-leaves-traders-debating-size-path-of-rate-cuts">Powell’s Pivot Leaves Traders Debating Size, Path of Rate Cuts </a>Listen more: <a href="https://podcasts.apple.com/us/podcast/the-federal-reserves-tricky-economic-and/id1724754756?i=1000649226728">The Federal Reserve's Tricky Economic and Political Terrain</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Powell Says Rates Are Coming Down: How Low Will They Go?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/df6cd521-8b7f-4211-9dfc-b1d801717ca4/transcript

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