US EditionPowell Gives Remarks After Federal Reserve Cuts Interest Rates
The Federal Reserve's cautious 0.25% rate cut aims to address a weakening labor market and inflation above the 2% target, with two additional cuts possible this year, officials said.
- The Federal Reserve has cut its benchmark interest rate by 25 basis points, the first reduction since December 2024, bringing rates to a range of 4% to 4.25%.
- Fed Chair Jerome Powell noted that while inflation remains 'somewhat elevated' at 2.9%, job gains have slowed, raising concerns about the labor market.
- Trump criticized the Federal Reserve for acting too late and demanded a 'big cut', leading to speculation about the independence of the central bank.
- Powell emphasized the Fed's commitment to data-driven decisions, stating that future cuts will be evaluated 'meeting by meeting', despite political pressure.
14 Articles
14 Articles
Markets got what they wanted from Powell with a Fed rate cut and they're still not happy
The Fed cut rates by 0.25%, but Jerome Powell framed the move as “risk management” driven by labor market weakness, leaving investors uneasy. Markets were flat as the Fed’s dot plot suggested a possible 50bps cut at a meeting later this year, though Powell stressed a meeting-by-meeting approach. Trump appointee Stephen Miran dissented in favor of a bigger cut, underscoring political pressure on the Fed and highlighting divisions that signal a ca…
Fed cuts interest rates citing “risks” to jobs market
The quarter point rate cut was the first in nine months as Fed Chair Jerome Powell said the Fed is trying to find the balance between its dual mandate of maximizing employment and keeping inflation in check. NBC News’ Christine Romans reports on what the impact to your borrowing costs may be.
DECRYPTAGE - The first small rate drop today, could be followed by two by Christmas.
Powell gives remarks after Federal Reserve cuts interest rates
Federal Reserve Chair Jerome Powell delivered remarks Wednesday afternoon after the nation’s central bank cut interest rates for the first time this year, following months of pressure from President Trump. The decision came as the Fed attempts to ease pressure on the weakening U.S. job market. The move, floated by Powell last month, follows two…
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