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Powell: Rate cut is different from the beginning of a lengthy cutting cycle
FED'S POWELL SAYS CURRENT RATE CUT DECISION IS DIFFERENT FROM THE BEGINNING OF A LENGTHY CUTTING CYCLE
— RedboxGlobal (@RedboxWire) July 31, 2019
Added at 2:57pm
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Fed's Powell: "There is really no reason why the expansion can’t keep going," there's "no sector that’s booming that might bust."
— Michael S. Derby (@michaelsderby) July 31, 2019
Added at 3:01pm
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FED'S POWELL SAYS OVERALL FINANCIAL STABILITY VULNERABILITIES ARE MODERATE
— *Walter Bloomberg (@DeItaone) July 31, 2019
Added at 3:03pm
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FED'S POWELL SAYS HAS NOT SAID THAT TODAY'S RATE CUT WILL BE A CYCLE OF 'JUST ONE' RATE CUT
— *Walter Bloomberg (@DeItaone) July 31, 2019
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