Powell said economic growth “has slowed notably in the first half of this year,” to an annual rate of 1.2%, down from 2.5% last year.

By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming (Reuters) -Federal Reserve Chair Jerome Powell on Friday pointed to a possible interest rate cut at the U.S. central bank's meeting next month,

Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.