LONDON: Stocks rose and US Treasury yields and the dollar fell on Friday after Federal Reserve chair Jerome Powell pointed to a possible rate cut at the central bank’s September meeting. Powell stopped short of committing to cutting interest rates as he tried to walk a narrow line acknowledging growing risks to the job market while also saying risks of higher inflation remain. His remarks, to the annual central banking symposium at Jackson Hole, are his final address as chair of the Fed.

“Siamo in una situazione difficile”, ma apre a taglio tassi interesse

A widening battle for control of the U.S. central bank, considered an anchor institution of the global financial system, seems to already be underway.