Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a press conference following the Federal Open Market Committee meeting in Washington, D.C., May 1, 2019.said the case for a rate cut at central bank's Wednesday meeting is not strong enough.
"There was not much support for cutting rates now, at this meeting," Powell said Wednesday at a press conference following the Fed's decision to hold interest rates steady. "A number of people wrote down rate cuts, but all of those but apparently one felt that it would be better to see more before moving," he added.
The Federal Open Market Committee voted 9-1 to keep the benchmark rate in a target range of 2.25% to 2.5%. St. Louis Fed President James Bullard voted to reduce the rate.
What I see now is even the fed wants to help the Dems and the American people will pay the price.
0 interest rates nor low interest rates we’ve came accustom is not a normal economic environment
TAKE YOUR NEEDED TIME MR.POWELL.WE MIGHT NEED 1 RATE CUT BET. NOW & DECEMBER.
There isn’t at all. The markets are overbought. Housing around the country in urban areas is unaffordable. Interest rates are not put in place to keep things going up. It’s supposed to counter inflation. In these cases it isn’t.
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Reuters Top News @ReutersFed chair Powell speaks after decision to leave interest rates unchanged Happy he’s finally listening to the boss Us is not able to service the interest on $22 trillion govt debt ...and Gold price now increased to 1,350 $/Auoz. If the global uncertainty continues, it could break up that level.
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