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Federal Reserve Chairman Jerome Powell has hinted that the central bank will soon cut interest rates. “It's time to adjust policy,” he said at a meeting of central bank governors in Jackson Hole, Wyoming. Inflation is approaching the Fed's 2% target. Meanwhile, data suggests the U.S. economy is slowing, with the unemployment rate jumping to 4.3% in July. The Fed's next monetary policy meeting is in September.
After abandoning his independent presidential bid to endorse Donald Trump, Robert F. Kennedy Jr. sat down with Trump at a rally in Arizona. “Don't you want a president who will make America healthy again?” Kennedy, an environmental lawyer and anti-vaccination activist, said. Trump claimed that Kennedy's candidacy “inspired millions of Americans.” Kennedy's withdrawal is unlikely to have a significant impact on the US presidential election.
