Reported 17 days ago
The Federal Reserve has lowered interest rates by 25 basis points, bringing the benchmark rate to between 4.50% and 4.75%. Esther George, former President of the Federal Reserve Bank of Kansas City, discusses the Fed's decision and notes that while another rate cut is expected in December, the future is unpredictable due to economic uncertainties. She highlights that the Fed is still striving to meet its goals as inflation remains above target.
Source: YAHOO