Fed Chair Powell sparked a big rally as he signaled the central bank could cut rates in September in his remarks at the Jackson Hole policy symposium.

It’s time once again for central bankers, economists and academics to gather in Jackson Hole, Wyoming, for the Federal Reserve of Kansas City’s annual economic policy symposium. The gathering comes as the Fed finds itself an increasing focus of criticism from the White House as President Donald Trump seeks to transform the global economy and the US workforce.

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