Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

FILE - Federal Reserve Chairman Jerome Powell takes a break during the Jackson Hole Economic Symposium near Moran in Grand Teton National Park, Wyo., Aug. 25, 2023.

Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. Now, it's the health of the job market that's starting to draw their concern.