Last week, hundreds of economists, central bank officials and journalists from around the world gathered at the annual Jackson Hole Economic Symposium to discuss the most pressing global economy issues. In a highly anticipated speech on Friday (Aug. 24), Federal Reserve chair Jerome Powell declared the “time has come” to cut interest rates from their 23-year high and shift focus from inflation to rising unemployment. Since the U.S. economy is deeply entrenched in global markets, other central banks often look to the Fed to guide their monetary policies.

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