Federal Reserve Chair Jerome Powell indicated that the current economic conditions present a shifting balance of risks that may necessitate an adjustment in monetary policy. He specifically pointed to rising downside risks to employment, suggesting that these developments could warrant a change in the Fed's approach. Powell's remarks have been widely interpreted as a signal that the central bank is preparing to implement an interest rate cut as soon as September 2025. While the timing and extent of any rate reductions will depend on forthcoming economic data, Powell's comments mark a clear shift toward a more accommodative policy stance in response to evolving risks.