Powell insists Fed is not behind the curve despite big rate cut

Yahoo Finance Video
13,216 次觀看・2 個月前

The Federal Reserve slashed its benchmark interest rate target by half a percentage point on Wednesday. In a press conference following the decision, Fed Chairman Jerome Powell argued the central bank was not behind the curve, as some had argued. Rather, he says, this cut was "a sign of our commitment not to get behind."

In the video above, Yahoo Finance Federal Reserve Reporter Jennifer Schonberger recaps what else Powell told reporters.

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This post was written by Stephanie Mikulich.