How fast will interest rates fall? Fed chair may provide clues in high-profile speech

FILE - Steve Carringer of Tennessee takes a photo of the mountains at Jackson Lake Lodge, the site of the Jackson Hole Economic Symposium, in Grand Teton National Park near Moran, Wyo., Aug. 22, 2024. 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.

With the Federal Reserve considered certain to start cutting its benchmark interest rate next month, Chair Jerome Powell's highly anticipated speech Friday morning at an economic conference will be closely watched for any hints about how many additional rate cuts might be in the pipeline.