US Federal Reserve Chairman Jerome Powell has hinted the country's first interest rate cut in over a decade could happen this month. In a report released ahead of his appearance before Congress, he wrote that many Fed officials now believe various conditions have strengthened the case for a rate cut. In his testimony, Powell named risks to the US economy including a broader global slowdown, trade tensions as well as inflation that's fallen below the Fed's annual 2-percent target. #USFed #JeromePowell #USeconomy