CHICAGO, ILLINOIS - JUNE 04: Jerome Powell, Chair, Board of Governors of the Federal Reserve listens to speakers during a conference at the Federal Reserve Bank of Chicago on June 04, 2019 in Chicago, Illinois. The conference was held to discuss monetary policy strategy, tools and communication practices.  (Photo by Scott Olson/Getty Images)
Powell: Case for Fed rate cut has strengthened
01:55 - Source: CNN
CNN Business  — 

The Federal Reserve is known for being slow and deliberate, but over the last six months, it’s moved at lightning speed, going from forecasting a steady increase in interest rates to openly indicating possibly one, maybe two, cuts by the end of this year.