Powell: This Rate Cut is a Risk Management Rate Cut

BlockBeats News, September 18th, the Federal Reserve cut interest rates by 25 basis points in September. This move was supported by most of the Fed officials appointed by Trump, with only newly appointed board member Milan dissenting, who favored a 50 basis point cut. During the press conference, Fed Chair Powell stated that Wednesday's rate cut was a risk management decision, adding that he believed there was no need for a rapid adjustment of rates. (FXStreet)