POWELL SPEECH: IF ECONOMY REMAINS SOLID, WE CAN DIAL BACK PACE OF CUTS
Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.
Key quotes
"Our projections are not a plan or decision."
"We will adjust policy as necessary."
"If the economy remains solid, we can dial back the pace of cuts; equally, if the labor market deteriorates, we can respond."
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.