BIG BREAKING LIVE: Powell-led Federal Reserve Gives First Rate Cut of 2025 | Powell Speech | N18G скачать в хорошем качестве

BIG BREAKING LIVE: Powell-led Federal Reserve Gives First Rate Cut of 2025 | Powell Speech | N18G

WASHINGTON DC: U.S. Federal Reserve Chairman Jerome Powell holds a news conference after a two-day policy meeting. Most analysts are expecting the U.S. central bank to cut its benchmark lending rate by a quarter point. BIG BREAKING | On Wednesday, the Federal Reserve approved a widely expected rate cut and indicated that two additional cuts may come before year-end amid growing concerns about the U.S. labor market. In an 11-to-1 vote, with less dissent than Wall Street anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point, setting the target range between 4% and 4.25%. The Fed meets with some big items on the agenda: An important rate decision and forecast of what’s ahead, combined with a healthy dose of political intrigue uncommon for central bank policymakers. Politically, there will be one new Fed governor, President Donald Trump’s appointee Stephen Miran, who almost certainly will dissent from the widely expected decision to lower the federal funds rate by a quarter percentage point, opting for an even bigger cut. The two-day meeting kicked off Tuesday with the swearing in of new Governor Stephen Miran, the Council of Economic Advisers’ chair and staunch Fed critic. The Senate on Monday confirmed Miran, who will serve out the remainder of former Adriana Kugler’s term, which runs through January. #monetarypolicy #fedrates #jeromepowell #federalreserve #trump #cnbctv18 #usmarketnews