The Latest Breaking News from Jerome Powell

Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

The Federal Reserve is widely expected to start cutting rates in September after 11 rises in 16 months

“The time has come for policy to adjust,” Powell said in his Jackson Hole speech on Friday.

Fed chairman hails progress in battle to bring down inflation, with cut rates starting from September

The yen also advanced after the head of Japan's central bank told lawmakers that officials could hike interest rates again if the economy and inflation perform as expected, weeks after a surprise increase caused turmoil on markets.

Stock markets jumped on Friday as US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates, a message investors had been longing to hear.

September S&P 500 E-Mini futures (ESU24) are up +0.51%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.60% this morning as market participants awaited Federal Reserve Chair Jerome Powell’s Jackson Hole speech for more clues on the amount and timing of interest rate cuts.

With the Federal Reserve considered certain to start cutting its benchmark interest rate next month, Chair Jerome Powell’s highly anticipated speech Friday morning at an economic conference will be closely watched for any hints about how many additional rate cuts might be in the pipeline

Asian shares are mixed in muted trading ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly and deeply the Fed may cut interest rates