The lack of an overarching rate-cutting framework is making it harder for investors to gauge what will drive the Fed’s next moves
The Federal Reserve struggled to provide a single explanation for why it cut interest rates last month because its officials supported the move for different reasons.
Fed Chairman Jerome Powell’s challenge in the weeks ahead, including with his speech Friday at the Kansas City Fed’s annual conference in Jackson Hole, Wyo., is to articulate clearly why the central bank is likely to continue reducing rates absent obvious signs of economic deterioration in the U.S.
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