Jerome Powell Announces Interest Rate Cut

CNN.com - RSS Channel, CNN: Video
Wed, 09/18/2019 - 12:31pm

Federal Reserve Chairman Jerome Powell announced that the Fed will cut interest rates for a second time this year. The federal funds rate, which controls the cost of mortgages, credit cards and other borrowing, will now hover between 1.75% and 2%.

NEXT
BING NEWS:
  • Trump allies are drawing up plans to make the Fed less independent, report says
    Trump allies have drafted proposals to rein in Fed independence and align the central bank with the administration's interests, the Journal reported.
    04/26/2024 - 11:11 am | View Link
  • Trump's team wants to restructure the Fed and let him have a say on interest rate decisions: WSJ
    The Wall Street Journal reported that Trump's advisors are making a plan that would give Trump the authority to oust Powell from the Federal Reserve.
    04/26/2024 - 4:07 am | View Link
  • Fed Announces Delay in Interest Rate Cuts in Massive Blow to Joe Biden
    Even Democrats can be right sometimes. In 1992, while working as Bill Clinton's campaign manager, Democrat political strategist James Carville famously said, "It's the economy stupid!" when he got ...
    04/17/2024 - 2:06 pm | View Link
  • Fed Chair Powell: No Plans for Interest Rate Cut Amid Strong Economy
    Jerome Powell, Chair of the U.S. Federal Reserve (Fed), has scuttled the market’s hopes for a cut in the benchmark interest rate. According to the Wall Street Journal (WSJ) on the 16th (local time), ...
    04/17/2024 - 12:19 am | View Link
  • Powell Dials Back Expectations on Rate Cuts
    Federal Reserve Chair Jerome Powell signaled that first-quarter inflation data has raised uncertainty over when and if lower interest rates would come later ... bank might be able to deliver ...
    04/16/2024 - 10:05 am | View Link
  • More

 

NEXT