Bullet points of WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut
Bullet points of WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut
- The Federal Reserve cut its benchmark interest rate by a half-point after more than two years of high rates.
- This shift aims to boost the job market and maintain economic stability.
- The Fed also plans additional rate cuts to support borrowing, investment, and spending in the future.
- Despite concerns about impacts on inflation, the move is viewed as a positive step towards ensuring a healthy economy.
- Unemployment is expected to rise, but a focus on labor market health and economic stability remains a priority.
- The Federal Reserve cut its benchmark interest rate by a half-point after more than two years of high rates.
- This shift aims to boost the job market and maintain economic stability.
- The Fed also plans additional rate cuts to support borrowing, investment, and spending in the future.
- Despite concerns about impacts on inflation, the move is viewed as a positive step towards ensuring a healthy economy.
- Unemployment is expected to rise, but a focus on labor market health and economic stability remains a priority.