Fed's Powell signals the start of rate cuts

Jerome Powell, the Chairman of the Federal Reserve, discusses the crucial adjustments in monetary policy. He indicates a shift away from cooling the labor market and suggests that interest rate cuts are on the horizon. Markets are buzzing with expectations of 100 basis points in cuts this year. Powell's remarks at the Jackson Hole Symposium spark intriguing reactions, with stock rallies and Treasury yields shifting, leading to speculation about future economic trends and their impact on further rate changes.