US Fed chief strongly signals rate cut in September, shifts focus from inflation to unemployment

New Delhi [India], August 23 (ANI): US Federal Reserve Chair Jerome Powell gave a strong indication that it was time for the US central bank to reduce interest rates as inflation rates were aligning with its target.

Addressing the much-awaited Jackson Hole Symposium on Friday, Powell said that "the time has come for policy to adjust" but stopped short of giving a hint on the quantum of interest rate cut.

"The time has com