[Breaking] Rate Cuts Are Coming: What Powell’s Big Move Means for Your Wallet

Understanding the real-world impact of the Fed’s decision on families and investors alike.

Can you believe how quickly the economic landscape changes? As someone who has been in wealth management and estate planning for over 25 years, I've seen my share of Fed announcements that ripple through markets and family finances alike. On August 22, 2025, Federal Reserve Chair Jerome Powell spoke at the Jackson Hole economic symposium and shared some hints that have everyone buzzing. He indicated a likely interest rate cut as soon as September—yes, next month—and it's making Wall Street cheer. Let me explain this, because understanding it isn't just for economists; it's essential for your everyday financial health.

Jerome Powell at Jackson Hole, created by me using Dalle-E

What’s the Fed Up To?

Powell’s speech emphasized the Fed’s primary goal: balancing stable prices with a strong job market. Currently, inflation is just below 3%, slightly above the Fed’s 2% target. Meanwhile, the labor market shows signs of slowing in July 2025, only 73,000 jobs were added, a noticeable decline from…