Fed Chair Powell says ‘time has come’ for interest rate cut

Federal Reserve Chairman Jerome Powell has expressed that the ‘time has come’ for an interest rate cut. This decision is most likely influenced by factors such as economic slowdown, low inflation, and global trade tensions. A cut in interest rates could stimulate the economy by making it cheaper for businesses to borrow money for investment, and for consumers to borrow money for spending. Usually, this move is considered when the economy needs a boost, as it encourages more money flow within the country. The specifics of when and how