In his final speech at the Federal Reserve’s summer retreat, Chairman Jerome Powell said the changing economic landscape likely will bring lower interest rates.

Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.

Pudgy Penguins is also seeing daily momentum, having achieved a bump of 9.5% in the past 24 hours and 6.5% in just the last hour, just after Federal Chair Jerome Powell hinted at a rate cut.

In Friday’s speech, Powell spent time acknowledging that economic conditions have shifted since he was last in Jackson Hole a year ago, in large part because the economy has faced “new challenges” due to shifts in policy on trade and immigration.

Federal Reserve Board Chairman Jerome Powell gives a speech on the “Economic Outlook and Framework Review" amid scrutiny from the White House over not lowering borrowing rates.

U.S. stocks opened higher Friday, showing signs of stabilization after retreating this week ahead of Fed Chair Jerome Powell's Jackson Hole speech. The Dow Jones Industrial Average rose 284 points, or 0.

At the heart of the changes was the removal of a man leaning against a barrel and the phrase "old country store" from the restaurant's logo, CNBC's Ali McCadden reports. Right-wing social media voices railed against the update, with one prominent conservative activist saying that the company would "learn that wokeness really doesn't pay."