The Fed has a new plan to avoid recession: Party like it’s 1994
2 years, 7 months ago

The Fed has a new plan to avoid recession: Party like it’s 1994

CNN  

New York CNN Business — Wide leg jeans, butterfly clips and half-point rate increases: The 1990s are back. Powell also indicated that he wouldn’t hesitate to do it again — a move straight out of the central bank’s 1994 playbook, when the Fed last tempered the US economy and successfully executed a so-called soft landing. In the 12 months that followed February 1994, the Fed, under former Chair Alan Greenspan, nearly doubled interest rates to 6% in just seven hikes, including two half-point increases and one three-quarter-point hike. Video Ad Feedback What the Fed needs to do as recession looms over US economy 05:27 - Source: CNNBusiness Larry Summers, a noted critic of Powell’s Fed, has clocked the probability of the central bank’s actions leading to a hard landing at 100%. “The problem the Fed faces is they’re just late.” Rocked by world events Geopolitical luck was also a factor in the ’94 soft landing, and despite economists’ best efforts, luck can’t be easily replicated.

Interest Rates Landing Fed Rate Rates Powell Soft 1994  landing  recession  rate  economy  rates  fed  economic  soft  interest  powell  party  1994  plan  avoid

History of this topic

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
6 days, 6 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
6 days, 8 hours ago

Feds drop interest rates by another quarter-point easing burden for borrowers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a …

US Federal Reserve lowers rates by a quarter point, signals two cuts for 2025
6 days, 11 hours ago

US Federal Reserve lowers rates by a quarter point, signals two cuts for 2025

Hindustan Times  

Federal Reserve officials lowered their benchmark interest rate for a third consecutive time, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs. A majority of economists in a Bloomberg survey had expected the median rate estimate would point to three cuts next year. Bumpy Inflation Policymakers …

The Fed is about to deliver the last rate cut for a while
Trending News
1 week ago

The Fed is about to deliver the last rate cut for a while

CNN  

Washington CNN — The Federal Reserve on Wednesday is expected to cut interest rates for the third time this year, in what could be the last rate cut for months. The Fed’s key interest rate influences borrowing costs across the economy and it’s used to achieve stable prices and maximum employment, two key goals mandated by Congress. With inflation nearly …

US Fed cuts interest rates but cautions for year ahead
Trending News
1 week ago

US Fed cuts interest rates but cautions for year ahead

Al Jazeera  

Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk. “Economic activity has continued to expand at a solid pace” with an unemployment rate that “remains low” and inflation that “remains somewhat elevated”, the central bank’s rate-setting Federal Open Market Committee said in its latest policy statement on Wednesday. That is half …

Will the Fed keep cutting in 2025?
1 week, 1 day ago

Will the Fed keep cutting in 2025?

Live Mint  

Investors see an interest-rate cut by the Federal Reserve this week as all but certain. Approaching neutral This week’s meeting is likely to deepen debates on two issues that could define where rates go over the next year: the location of the “neutral" rate of interest and the potential for policy changes by President-elect Donald Trump. “It looks like you’ve …

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
1 week, 1 day ago

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Associated Press  

WASHINGTON — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. Instead, inflation has become stuck at a higher level, yet the Fed after Wednesday’s meeting will likely have lowered its …

Why Trump and the Federal Reserve could clash in the coming years
2 weeks, 5 days ago

Why Trump and the Federal Reserve could clash in the coming years

Associated Press  

WASHINGTON — President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households. And even if Powell reduces the Fed’s benchmark rate, Trump’s own policies could keep other borrowing costs — like mortgage rates — elevated. The Fed would likely respond by slowing or stopping its rate cuts, …

The US Fed needs a serious rethink at its next policy review
2 weeks, 6 days ago

The US Fed needs a serious rethink at its next policy review

Live Mint  

Next year, the US Federal Reserve will undertake an exercise with global implications: its periodic monetary policy framework review, at which it rethinks its approach to managing the world’s largest economy. By March 2022, interest rates were still near zero and the Fed was buying Treasuries and mortgage-backed securities to push down longer-term rates—while the US unemployment rate was 3.8% …

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates
3 weeks ago

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates

CNN  

Washington CNN — Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates. “The US economy is in very good shape, and there’s no reason for that not to continue,” Powell said at an event hosted by The New York Times. “At present I lean toward …

Fed’s Waller says inclined at this point to cut rates in December
Trending News
3 weeks, 1 day ago

Fed’s Waller says inclined at this point to cut rates in December

Live Mint  

By Howard Schneider WASHINGTON, Dec 2 - Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive enough to keep putting downward pressure on inflation, while the labor market was roughly in balance, something the Fed wants to maintain. "Policy is still restrictive …

Economic advice for Donald Trump and Jerome Powell: First, do no harm
3 weeks, 6 days ago

Economic advice for Donald Trump and Jerome Powell: First, do no harm

Live Mint  

If US economic growth is so good, then why does the Fed need to cut interest rates? Underpinning the success is growth in labour productivity, which has averaged 2.3% in the past two years, about half a percentage point faster than in the four years before covid. By focusing on the issues facing small young businesses—as opposed to large well-established …

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
4 weeks ago

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation

Associated Press  

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting. Yet …

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says
4 weeks, 1 day ago

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says

Live Mint  

-- Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting. “It’s still a reasonable consideration,” Kashkari said Monday on Bloomberg Television in response to a question about whether policymakers should reduce borrowing costs by a quarter point at their last meeting of the year. “Right …

Boston Fed President says December rate cut isn’t a ‘done deal’
1 month, 1 week ago

Boston Fed President says December rate cut isn’t a ‘done deal’

Live Mint  

A Federal Reserve official said the central bank could eventually need to slow down the pace at which it is lowering rates and said it was too soon to say whether that should happen at the central bank’s meeting next month. Another rate cut in December is “certainly on the table, but it’s not a done deal," said Boston Fed …

Powell says solid economy allows Fed to consider rate cuts ‘carefully’
1 month, 1 week ago

Powell says solid economy allows Fed to consider rate cuts ‘carefully’

Live Mint  

Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time in deciding how quickly to continue reducing interest rates. Before Powell’s remarks, investors in interest-rate futures markets expected the central bank to lower rates by a quarter point at that meeting and then to slow down the pace of cuts …

US Fed Chair Jerome Powell says no need to rush rate cuts amid strong economy
Trending News
1 month, 1 week ago

US Fed Chair Jerome Powell says no need to rush rate cuts amid strong economy

Live Mint  

The US Federal Reserve does not need to rush to cut interest rates due to the ongoing economic growth, a solid job market, and inflation that remains above its 2% target, said Fed Chair Jerome Powell. According to Powell, the Fed policymakers believe inflation is progressing toward a “sustainable path to 2%” that will enable the US central bank to …

Powell says Fed will likely cut rates cautiously given persistent inflation pressures
1 month, 1 week ago

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Associated Press  

WASHINGTON — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. In his remarks Thursday, Powell suggested that inflation may remain stuck somewhat above the Fed’s …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

Economist reveals how Trump could make the economy worse
1 month, 1 week ago

Economist reveals how Trump could make the economy worse

Daily Mail  

Former Treasury Secretary Larry Summers addresses the New York Economic Club, expressing serious concerns about the Federal Reserve 's approach to inflation. Summers, who has been vocal about inflation risks, warned that the Federal Reserve, under Jerome Powell, is not acting decisively enough to address "overheating risks" in the economy. Summers speculated that a second Trump administration could exacerbate inflation …

Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election
1 month, 1 week ago

Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election

Daily Mail  

Liberal economist Larry Summers warned that inflation is still not fixed and that a Trump administration could make things even worse. Liberal economist Larry Summers warned that inflation is still not fixed and that a Trump administration could make things even worse Summers is worried that President-elect Donald Trump may only make 'Bidenflation' worse The central bank made a 25 …

Fed’s Powell: Rate cuts are still underway, but there’s no hurry
1 month, 1 week ago

Fed’s Powell: Rate cuts are still underway, but there’s no hurry

CNN  

Washington CNN — Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months. Powell said in a moderated discussion that Fed economists may begin to assess Trump’s plans and how they could affect the economy more seriously as early as …

Richard Clarida on What Comes Next for the Federal Reserve
1 month, 1 week ago

Richard Clarida on What Comes Next for the Federal Reserve

Bloomberg  

Last week the Federal Reserve opted to cut interest rates by 25 basis points, which was what the market expected it to do. Inflation has been softening this year, but there’s a sense that this trend could turn — especially with the Trump administration coming in after the new year. All of this raises the question of what the Fed …

Trump enters just as the Fed is shifting its focus
1 month, 2 weeks ago

Trump enters just as the Fed is shifting its focus

Live Mint  

With its second consecutive interest-rate cut this year, the Federal Reserve is attempting to boost the odds of a soft landing. Alternatively, any resurgence in inflation could force the Fed to stop cutting rates, raising the odds that the economy faces a hard landing later in Trump’s term. Due in part to the Fed cutting rates with a solid economy, …

The Fed’s next moves are now anyone’s guess
1 month, 2 weeks ago

The Fed’s next moves are now anyone’s guess

Live Mint  

Take the Federal Reserve’s projections from September and throw them into the trash. The Fed cut rates by a quarter point on Thursday, as universally expected and following a half-point cut in September. Take for instance Fed policymakers’ longer-term economic projections released at their September meeting. But the chance that the Fed could cut rates by just a quarter point …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
1 month, 2 weeks ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

Xinhua | Updated: 2024-11-08 09:41 US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
1 month, 2 weeks ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this …

US Fed slashes interest rates by 25 basis points amid weakening labor market
Top News
1 month, 2 weeks ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this …

US Fed slashes interest rates by 25 basis points amid weakening labor market
1 month, 2 weeks ago

US Fed slashes interest rates by 25 basis points amid weakening labor market

China Daily  

Xinhua | Updated: 2024-11-08 09:41 US Federal Reserve Chair Jerome Powell attends a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, November 7, 2024. WASHINGTON -- The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the …

Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump
1 month, 2 weeks ago

Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump

Live Mint  

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point. When asked at a post-meeting press conference whether he would step down if requested by Trump, Powell replied forcefully, “No.” He also said …

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways
1 month, 2 weeks ago

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways

Live Mint  

The US Federal Reserve announced its seventh policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by a quarter of a percentage point to 4.50-4.75 per cent. US Fed Policy November 2024: Here are 5 key highlights 1.US Fed slashes key rates by 25 bps after Trump's election results The US …

Federal Reserve cuts its key interest rate by a quarter-point
Trending News
1 month, 2 weeks ago

Federal Reserve cuts its key interest rate by a quarter-point

The Hindu  

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. Why rate cuts by the U.S. Federal Reserve matter to world markets In a statement after its latest meeting ended, the Fed said the …

Federal Reserve cuts its key interest rate by a quarter-point after Trump's election win
Top News
1 month, 2 weeks ago

Federal Reserve cuts its key interest rate by a quarter-point after Trump's election win

Hindustan Times  

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. Federal Reserve Board Chairman Jerome Powell The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
1 month, 2 weeks ago

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation

Firstpost  

The interest rate in the US is now in the range of 4.5-4.75 per cent. The US Federal Reserve on Thursday cut the benchmark lending rates in the country by 0.25 per cent. Inflation has made progress toward the Committee’s 2 per cent objective but remains somewhat elevated,” the Federal Open Market Committee, which is responsible for changes to the …

What’s at stake with the Fed, now that Trump has won?
1 month, 2 weeks ago

What’s at stake with the Fed, now that Trump has won?

Live Mint  

When Federal Reserve officials decide this week on the path for interest rates, they will have a new factor to consider: the re-election of Donald Trump. Not only could Trump’s policies affect the path for inflation and growth, his return to the White House also poses questions about the Fed’s freedom to set rates without political interference. Trump appointed the …

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
1 month, 2 weeks ago

Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

Associated Press  

WASHINGTON — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. When its latest policy meeting ended Thursday, the Fed issued a statement noting that the “unemployment rate has moved up but remains …

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans
1 month, 2 weeks ago

US Fed interest policy expected today, Trump victory unlikely to change rate cut plans

Firstpost  

There is a wide expectation that the Federal Reserve will cut interest rates by a quarter point on Thursday, looking beyond the 2024 US Presidential election results to continue easing borrowing costs on the back of cooling inflation The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to …

Fed cuts interest rates again, but Trump’s victory makes future path a lot more murky
Trending News
1 month, 2 weeks ago

Fed cuts interest rates again, but Trump’s victory makes future path a lot more murky

LA Times  

The Federal Reserve cut interest rates for a second straight time on Thursday in an effort to keep the economy sailing along by easing the high borrowing costs it engineered to fight inflation. Economists see risks on two fronts: If Trump follows through on his campaign promises to lower taxes and levy across-the-board tariffs, he could reignite inflation and force …

Fed cuts rates in boost for Trump
1 month, 2 weeks ago

Fed cuts rates in boost for Trump

The Telegraph  

The US Federal Reserve cut interest rates on Thursday night in a boost for incoming president Donald Trump. The central bank voted to lower rates by a quarter of a percentage point, two days after the worries about the economy under the Democrats helped propel Mr Trump back into power. Before Thursday evening’s decision, traders had already begun paring forecasts …

US Fed cuts interest rates by quarter of a percentage point
Top News
1 month, 2 weeks ago

US Fed cuts interest rates by quarter of a percentage point

Al Jazeera  

The Fed will have to navigate a changing economic landscape with the election of Donald Trump as the next US president. The United States Federal Reserve has cut interest rates by a quarter of a percentage point as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the central bank’s 2 percent …

The Fed cuts interest rates — but Trump's election could make things trickier
1 month, 2 weeks ago

The Fed cuts interest rates — but Trump's election could make things trickier

NPR  

The Fed cuts interest rates — but Trump's election could make things trickier toggle caption Anna Moneymaker/Getty Images North America The Federal Reserve lowered interest rates by a quarter percentage point Thursday, as expected — but the central bank may grow more cautious about future rate cuts as it monitors the impact of economic policies in a second Trump administration. …

Jerome Powell-led FOMC to meet today: US election results, inflation to GDP— 5 key indicators to watch
1 month, 2 weeks ago

Jerome Powell-led FOMC to meet today: US election results, inflation to GDP— 5 key indicators to watch

Live Mint  

The US Federal Reserve will begin its deliberations for the latest monetary policy decisions today, November 6, and will announce its new benchmark interest rate decision on Thursday, November 7. In September's policy meeting, US Fed policymakers said they see the interest rate falling by another 50 bps by the end of this year, another full percentage point in 2025, …

Stocks Fall, US Yields Rise Amid Election Jitters
2 months ago

Stocks Fall, US Yields Rise Amid Election Jitters

Live Mint  

Global stock markets are experiencing volatility due to the upcoming U.S. election and the outlook on interest rate cuts. U.S. yields rose, while stocks fell, reflecting market uncertainty. The S&P 500 and Dow Jones Industrial Average finished lower, while the Nasdaq Composite ended higher. The pan-European STOXX 600 index closed down, while MSCI's gauge of stocks across the globe fell.

Job growth blows away expectations, in boost for Harris
2 months, 3 weeks ago

Job growth blows away expectations, in boost for Harris

Politico  

The surprisingly solid jobs number puts Fed Chair Jerome Powell on course to cut interest rates by a modest quarter of a point when the central bank holds its next meeting on Nov. 6-7. Just 22 percent of Americans said the economy is in “excellent” or “good” shape in the latest Gallup poll, compared with 77 percent reporting it to …

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020
3 months ago

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020

Live Mint  

Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Federal Reserve's Rate cut The Federal Reserve, on Wednesday, September 18, announced a 0.5 percentage point reduction in its benchmark interest rate, marking the US central bank's first rate cut in over four …

Trump seizes on Fed rate cut to open new line of attack on economy
3 months ago

Trump seizes on Fed rate cut to open new line of attack on economy

Politico  

The Fed’s move to lower borrowing costs offers Trump a fresh line of attack against the Biden-Harris administration’s economic record — and a new chapter in his often contentious relationship with the Fed chief — that could resonate even as inflation fades. “The decision by the Fed shows the economy and the job market are in very bad shape,” Brian …

US Federal Reserve is finally lowering rates: Here's what consumers need to know
3 months ago

US Federal Reserve is finally lowering rates: Here's what consumers need to know

Hindustan Times  

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. “Act cautiously and responsibly," Channel said, "and don’t make any rash decisions based on a single Fed meeting or economic report.” Eventually, yields for savers will decline as the Fed …

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation
3 months ago

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation

India TV News  

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. "The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges …

US Federal Reserve is set to cut rates today; key question is, by how much?
3 months ago

US Federal Reserve is set to cut rates today; key question is, by how much?

Hindustan Times  

Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. Exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, …

Fed announces big half-point interest rate cut, the first reduction since 2020
3 months, 1 week ago

Fed announces big half-point interest rate cut, the first reduction since 2020

LA Times  

Federal Reserve Chair Jerome H. Powell appears on a monitor on the floor of the New York Stock Exchange. “This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation,” Fed Chair Jerome H. Powell said at a news conference after the conclusion of …

Discover Related