Monetary Policy and the Economy
Federal Reserve Chair Jerome Powell held a news conference following the September 2019 meeting of the Federal Open Market Committee, He ann… read more
Federal Reserve Chair Jerome Powell held a news conference following the September 2019 meeting of the Federal Open Market Committee, He announced a one-quarter point reduction in the central bank’s target interest rate range. Mr. Powell said the cut would help the American economy stave off contraction amid some struggles in the manufacturing and business sectors, whose growth were threatened by uncertainty over trade policy. Following his announcement, Mr. Powell answered questions from reporters on the rate cut and other aspects of economic policy. close
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Federal Reserve Lowers Interest Rate By a Quarter Point
Federal Reserve Chair Jerome Powell announces the board has lowered the target interest rate by a quarter-point amid sof…
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