19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 6 hours ago
- Bias Distribution
- 50% Center
Federal Reserve Chair Jerome Powell announced a significant 50 basis point cut in the key interest rate, reducing it to a range of 4.75%-5%, emphasizing that the U.S. economy is currently in a solid position with improving inflation and a strong labor market. Powell defended the aggressive cut as a proactive measure to support the labor market and prevent potential harm, stating that action is needed when conditions are favorable rather than waiting for signs of layoffs. He indicated that the Fed's approach is flexible, adapting to economic data with no preset course for future cuts, and noted a broad consensus among committee members for more rate cuts this year. Powell reassured that while inflation is moving towards the target of 2%, the Fed remains vigilant of external risks that could impact economic stability. He characterized the current labor market as relatively strong but noted recent softening, suggesting the need for ongoing monitoring. Overall, Powell's remarks reflect a commitment to balancing monetary policy to sustain economic growth while keeping inflation in check.
- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 6 hours ago
- Bias Distribution
- 50% Center
19Negative
Serious
Neutral
Optimistic
Positive
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