Powell: This rate cut is a risk management rate cut
2025-09-17 19:22:36
On September 18th, the Federal Reserve cut interest rates by 25 basis points in September. This move was supported by most of the Trump-appointed Fed officials. Only the new governor Milan opposed it and wanted to cut interest rates by 50 basis points. At a press conference, Federal Reserve Chairperson Powell said Wednesday's rate cut was a risk management decision, adding that he did not see the need for a quick rate adjustment.
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