Tesla Jumps 4% After Powell Signals Possible Fed Rate Cuts

Tesla Inc. shares gained roughly 4% in afternoon trading on Friday after Federal Reserve Chair Jerome Powell suggested the central bank could consider lowering interest rates in the coming months. The prospect of cheaper borrowing costs buoyed growth and technology stocks, with Tesla among the session’s early outperformers. Powell, speaking at a policy forum, said recent data showed cooling inflation and moderating labor-market conditions, giving the Federal Open Market Committee “greater flexibility” on the timing of potential cuts. While he reiterated that decisions would remain data-dependent, the remarks marked the clearest signal to date that the Fed is preparing to pivot from the restrictive stance it adopted to tame price pressures.