Roundup: U.S. Fed chief says "time has come" to cut interest rates

by Xinhua writer Xiong Maoling

CHICAGO, Aug. 23 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell on Friday said the "time has come" for monetary policy to adjust, noting that the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.

Speaking at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming, Powell sent a straightforward me