Federal Reserve Live – 7/31/2019

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

 

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