Treasury Yields Fall Sharply, Dollar DropsDow Hits New Record After Powell's Jackson Hole SpeechLast Updated:16 min agoMarkets are moving quickly in the wake of the release of Jerome Powell’s remarks, with benchmark Treasury yields falling sharply and the dollar index in firm retreat, after the Fed chair appeared to open the door to a September rate cut.This seems to be the key line in Powell’s speech, which carried the ironically bland title of “Monetary Policy and the Fed’s Framework Review.”“With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” Powell said following a detailed description of weakening labor market conditions and rising inflation pressures.