Fed Chairman Powell: "Time to cut interest rates" - Jackson Hole

To summarize Chairman Powell's remarks

- He is more confident that inflation is on track to reach 2%

- It is time to adjust policy

- The risk of rising inflation has decreased, while the risk of falling employment has increased


He has almost made it clear that interest rates will be cut in September

However, he did not suggest a 25bp or 50bp cut.

The focus is on the results of the US employment statistics.

The scenario for the dollar/yen was as analyzed.

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