#ABCNews Fed cuts interest rates for 2nd time this year

Fed cuts interest rates for 2nd time this year
Following the Fed’s decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact.

“The shutdown of the federal government will weigh on economic activity while it persists,” Powell said, “but these effects should reverse when the shutdown ends.”

Thank you for your support in keeping this website running.💛

View on “Tokyo Trend News”