Fed Opts for Outsize Cut as Powell Seeks to Ensure Soft Landing

  • Powell says half-point cut reflects ‘risk management’ approach
  • Officials are split on the outlook for additional cuts in 2024

Source: Bloomberg

Have a confidential tip for our reporters? Get in TouchBefore it’s here, it’s on the Bloomberg Terminal LEARN MORE

By Jonnelle Marte

September 18, 2024 at 4:17 PM PDT

Federal Reserve Chair Jerome Powell led his colleagues to an outsize interest-rate cut designed to preserve the strength of the US economy as risks to the labor market mount, marking an end to their single-minded focus on quashing inflation.

Read More

or

Go directly to this Bloomberg article

Leave a Reply

Your email address will not be published. Required fields are marked *