U.S. Federal Reserve Chair Jerome Powell on Friday signaled the possibility of lowering interest rates in the coming months, despite the ongoing risk of rising inflation. With the U.S. labor market and economic growth weakening, the shifting balance of risks to the Fed's employment and inflation targets may warrant an adjustment to its policy stance, Powell said at the central bank's annual symposium in Jackson Hole, Wyoming. Powell stressed that tariffs have a clear and distinct impact on consumer prices, with effects expected to build over the coming months. However, significant uncertainty remains regarding their precise timing and extent. Furthermore, as tariff levels are continually adjusted, the time required for price adjustments could be extended. Powell affirmed, however, that the Fed will not permit an one-time price surge to evolve into persistent inflation under any circumstances. The same day, the Fed also released a revised Statement on Longer-Run Goals and Monetary Policy Strategy, which eliminated the average inflation targeting framework in favor of a return to a more flexible approach. Since January, the Fed has held the federal funds rate steady within a target range of 4.25 percent to 4.5 percent. This stance has persisted despite repeated calls from President Donald Trump for the central bank to cut rates, arguing that the U.S. government is paying substantial interest on its debt. The video shows: Washington D.C., USA - Date Unknown 1. Various of U.S. Federal Reserve building; national flag of United States, flag of Federal Reserve Washington D.C., USA - Oct 2024 2. Various of White House 3. Various of Capitol Hill Racine, Wisconsin State, USA - Dec 2019 4. Various of workers working on agricultural machinery production line North Las Vegas, USA - 2022 5. Various of workers working in factory Los Angeles, California, USA - April 7, 2025 6. Various of residents walking with shopping carts at supermarket parking lot, loading groceries onto cars Miami, USA - April 7, 2025 7. Various of fruit, vegetables for sale 8. Various of staff putting meat products on refrigerator shelves New York City, USA - Oct 2024 9. Buildings, pedestrians, traffic 10. Brooklyn Bridge [Restrictions: No access Chinese mainland]