FEDERAL RESERVE CHAIRMAN, JEROME POWELL SPEAKS LIVE
RATE CUT IS A MID-CYCLE ADMUSTMENT TO POLICY – WE conduct monetary policy to move closer to our goals.
After two days of meetings with President Trump, Federal Reserve Chair Jerome Powell will hold a press conference to announce the Fed’s decision to cut the rate by a quarter percentage point. This is the first time rates have been lowered in more than ten years.
POWELL: WE WORRY ABOUT FINANCIAL STABILITY ALL THE TIME