Federal Reserve Chair Jay Powell said the “time has come” for the U.S. central bank to cut interest rates, capping a two-year slog against historic levels of inflation.
Powell’s remarks make it all but certain the Fed will begin cutting rates in September, though it remains to be seen just how quick the pace will be.
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Our newest editorial project, in partnership with Google, explores how AI is advancing sectors across the U.S. economy and government through a four-part series.
Check out our second feature focused on AI and cybersecurity with Rep. Eric Swalwell (D-Calif.).
