The US Federal Reserve is tilling the ground for another 0.5% interest-rate cut

The US Federal Reserve is tilling the ground for another 0.5% interest-rate cut

From notayesmanseconomics.wordpress.com

Yesterday the Chair of the US Federal Reserve went to Nashville Tennessee. Presumably not for the country music as he is a Grateful Dead fan. But he did give a speech on the subject of monetary policy. As we were reminded of the way he uses Nick Timiraos of the Wall Street Journal by the way the recent 0.5% cut was flagged before it happened let us take a look at what he is saying. Federal Reserve Chair Jerome Powell said the central bank would continue to reduce interest rates from a two-decade high to help support hiring and preserve a growing economy. “Overall, the economy is in solid shape; we intend to use our ... (full story)

not 0.5% but 1.0% cut

"two decade high" that is the tell

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