MSNBC’s Ali Velshi and economist Heather Long break down Federal Reserve Chair Jerome Powell’s speech indicating conditions “may warrant” interest rate cuts, noting the Fed will proceed “carefully.”

Wall Street rallied on Friday morning after Federal Reserve Chair Jerome Powell's signaled a rate cut could be on the horizon.

President Donald Trump has sought to terminate Federal Reserve Chair Jerome Powell, potentially setting up another constitutional fight if Powell refuses to go.

Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage fraud.