Home Economy Economic Activity Powell at Jackson Hole: ‘The time has come’ for interest rate cut 

Powell at Jackson Hole: ‘The time has come’ for interest rate cut 

WITH INFLATION nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday. /ASSOCIATED PRESS FILE PHOTO /MANUEL BALCE CENETA

JACKSON HOLE, Wyoming (AP) – With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.  Powell did not say when rate cuts would begin or how large they might be, but the Fed is widely

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