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