Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point — 9/18/2024

Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday.

Central bank policymakers trimmed interest rates by 50 basis points, marking its first cut in four years.

The move brings the target fed funds rate to a range of 4.75% to 5.00%.

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Federal Reserve Chair Powell speaks after Fed lowers interest rates by half point — 9/18/2024