Federal Reserve chair Jerome Powell announced on Friday that the moment has arrived for the US to commence reducing interest rates, emphasizing that his belief in the progress of the fight against inflation has strengthened. "The moment has arrived for policy adjustments," he stated during a keynote address at the Jackson Hole Economic Symposium in Wyoming, as per his prepared remarks, further stating: "The trajectory is evident." US stocks experienced an upward opening on Friday, as market participants eagerly anticipated Powell's address on the future of monetary policy.