(FILES) US Federal Reserve Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting at the Federal Reserve in Washington, DC, on July 31, 2024. Powell said on August 23, 2024, that the “time has come” for the US to start cutting interest rates, adding that his “confidence has grown” that the battle against inflation is on track. “The time has come for policy to adjust,” he said in a keynote speech at the Jackson Hole Economic Symposium in Wyoming, according to prepared remarks.
