Powell: This rate cut is a risk management rate cut
2025-09-17 19:30:34
The Federal Reserve cut interest rates by 25 basis points in September, a move supported by most of Trump-appointed Fed officials, with only new governor Milan opposing it and wanting to cut rates by 50 basis points. At a news conference, Fed Chairperson Jerome Powell said Wednesday's rate cut was a risk management decision, adding that he saw no need for a quick rate adjustment.
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