In a highly anticipated speech at Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell signaled that the time has come for US interest rate cuts, pointing towards the end of the aggressive monetary policy in the US. Just a couple weeks earlier, the financial markets were rattled with recession worries caused by a sudden rise in unemployment and the unwinding of the yen carry trade, prompting many analysts to increase their recession forecasts. This recent shift in the macroeconomic regime has provided a breathing room for the markets, but investors should be asking two important question…