#PowellRemarks #PowellRemarks The president of the Federal Reserve of the United States, Jerome Powell, announced that "the time has come" to begin cuts in interest rates, marking a shift in monetary policy after more than two years of restrictive measures. This announcement was made during his speech at the Jackson Hole Economic Symposium in Wyoming on August 23, 2024.

Key points from Powell's speech

Inflation under control: Powell expressed greater confidence that inflation is on a sustainable trajectory toward the 2% target, after peaking at 9% during the pandemic.