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Click to play video: 'As inflation eases, Powell says ‘the time has come’ to cut interest rates in the U.S.'

1:49 As inflation eases, Powell says ‘the time has come’ to cut interest rates in the U.S.

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As inflation eases, Powell says ‘the time has come’ to cut interest rates in the U.S.

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As inflation eases, Powell says ‘the time has come’ to cut interest rates in the U.S.

August 23, 2024

Federal Reserve Chair Jerome Powell said Friday that “the time has come” for the U.S. central bank to cut interest rates from its current 23-year-high.

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