Federal Reserve Chair Jerome Powell's comments have Wall Street abuzz, stating that "the time has come" for the Fed to start cutting interest rates in his Jackson Hole speech made earlier Friday morning.

Serpa Pinto Advisory Founder Jon Hilsenrath sits down with Asking for a Trend host Julie Hyman to break down today's Fed commentary and whether politics in this election will influence the central bank's monetary policy in the remaining months of 2024.

White House Council of Economic Advisers (CEA) Chair Jared Bernstein joins Yahoo Finance Fed reporter Jennifer Schonberger in Jackson Hole, Wyoming, to talk about the future rate cuts Chair Powell signaled and Bernstein's outlook on the US economy based on recent jobs data.

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This post was written by Nicholas Jacobino