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Fed Cuts Rates | Chair Powell Holds Press Conference (Live Coverage)
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September 18, 2024
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2:47:20Now PlayingThe Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an aggressive start to a policy shift aimed at bolstering the US labor market. The Federal Open Market Committee voted 11 to 1 to lower the federal funds rate to a range of 4.75% to 5%, after holding it for more than a year at its highest level in two decades. It was the Fed’s first rate cut in more than four years.
This a special "The Fed Decides" on Bloomberg Television that includes Fed Chair Jerome Powell's entire press conference.
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