Inflation falls and the labor market cools: Highlights from Fed chair Jerome Powell's big speech

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Federal Reserve Chair Jerome Powell has hinted at potential interest rate cuts and the need for policy adjustments, which boosted the stock market on Friday. Speaking at the Fed’s annual Jackson Hole Economic Symposium in Wyoming, Powell suggested that rate cuts could be on the horizon but did not provide specific details on the timing or extent of such cuts. Suggested Reading Subway debuts limited-time $6.99 footlongs as fast foot value wars heat up Fed Chair Jerome Powell signaled that

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