Powell confirms Fed will to intervene in time

The US Federal Reserve Chairman said today on the sidelines of the Jackson Hole forum that the bank will act with the necessary measures in the appropriate time

Powell added that the Fed is closely monitoring the local and global markets.

And also said that the situation has developed since the July meeting, which saw a rate cut for the first time since 2008, and confirmed that he and his team are following the trade war impacts, but did not give any details about his expectations for a possible cut.