FOMC Cuts Funds Rate 25 BP As It ‘Recalibrates’ Policy Rate Closer To ‘Neutral’
– Powell: FOMC Will Move ‘Carefully, Patiently’ To ‘Neutral” Policy Stance By Steven K. Beckner (MaceNews) – The Federal Reserve continued to ease monetary policy Wednesday, albeit more incrementally, even though inflation remains above target amid relatively strong economic conditions, and even though financial markets have become more optimistic about the economy in wake of […]
FOMC Cuts Expected Quarter Point
WASHINGTON (MNI) – The following is the text of the Federal Open Market Committee’s policy statement issued Wednesday: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has […]
TRANSCRIPT: Fed’s Powell Says ‘No,’ Wouldn’t Leave if Trump Asked
The labor market has cooled from its formerly heated state and remains solid. Inflation has eased substantially from a peak of 7% to 2.1% as of September. We are committed to maintaining our economy’s strength by supporting maximum employment and returning inflation to our 2% goal. Today, the FOMC decided to take another step in […]