Federal Reserve Chair Jerome Powell said the central bank is open to cutting their influential interest rate. If Fed officials decide to cut rates at their meeting next month, it would lower borrowing costs and speed up the labor market,

Ethereum surged 10% to hit a new all-time high on Coinbase after Fed Chair Jerome Powell hinted at a possible rate cut.

Welcome to The Hill’s Business & Economy newsletter{beacon} Business & Economy Business & Economy   The Big Story Powell tees up rate cut, but warns of inflation