Federal Reserve Signals Readiness to Cut Interest Rates Amid Economic Adjustments

Federal Reserve Chair Jerome Powell has confirmed that the central bank is prepared to begin cutting interest rates, signaling a significant shift in U.S. monetary policy. Speaking at the Federal Reserve's annual gathering in Jackson Hole, Wyoming, Powell emphasized that "the time has come for policy to adjust," as the economy shows signs of progress on inflation.

Powell's remarks mark a pivotal moment for the Federal Reserve, which has been grappling with high inflation and the challenges of managing economic growth. With inflationary pressures starting to ease. . .