Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.

Fed Chair Jerome Powell signals the first rate cut could come next month. On Way Too Early, Courtenay Brown breaks down why Wall Street cheered — and why some see a red flag.

Stocks surged Friday and the Dow closed at its first record high of the year after Federal Reserve Chair Jerome Powell signaled interest rate cuts could be on the way.