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Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point — 9/18/2024

DeFi Daily News by DeFi Daily News
September 18, 2024
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Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point — 9/18/2024
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Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve’s two-day policy meeting on Wednesday.

Central bank policymakers trimmed interest rates by 50 basis points, marking its first cut in four years.

The move brings the target fed funds rate to a range of 4.75% to 5.00%.

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Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point — 9/18/2024

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Fed lowers interest rates by half point in first cut since 2020

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