This podcast is brought to you by Vertex, the world's leading tax technology.

Doing business globally is challenging, managing tax complexity even more so,

and your technology systems weren't built to handle that complexity.

That's where Vertex comes in with a global platform that enables continuous compliance,

giving you more transparency, improved accuracy, and better confidence in your tax data.

To learn more about continuous compliance, visit vertexink.com.

Last month, Federal Reserve Chair Jerome Powell woke up, put on his glasses, a gray suit, a mauve tie, and he stepped up to a podium in Jackson Hole, Wyoming.

Thank you Karen and thanks to our host from the Kansas City Fed.

It's great to be back here today.

Powell was there to deliver an important speech,

and in it, he declared victory over inflation.

The time has come for policy to adjust.

The direction of travel is clear,

and the timing and pace of rate cuts will depend on incoming data, the evolving outlook,

and the balance of risks.

Now what my colleague Rob Armstrong tells me is that this moment,

Powell saying that the time had come for

policy to adjust, was a big deal. So the emphasis of the Central Bank is shifting.

It's a turning point. For the economy as whole, it was we're putting the

flag in the sand, this is when things change. And reaching this moment is something that

Rob tells me he didn't really think was possible when inflation was running rampant and the

Fed began raising rates.

...