Fed cuts interest rates, signals it may not need to do more

WASHINGTON - The Federal Reserve cut interest rates on Wednesday, but the head of the U.S. central bank said the move might not be the start of a lengthy campaign to shore up theFed Chairman Jerome Powell cited signs of a global slowdown, simmering U.S. trade tensions and a desire to boost too-low inflation in explainingand move up plans to stop winnowing its massive bond holdings.

U.S. President Donald Trump, who has repeatedly attacked the Fed's policy stance under Powell and demanded that it push through big rate cuts, said on TwitterU.S. stock prices fell during Powell's news conference. The benchmark S&P 500 indexclosed down 1.1% for the day. Yields on 2-year notes, a proxy for Fed policy rates, rose to 1.87%.

“It’s smart of them to go ahead and take out some insurance here. It’s better than none at all,” said Brett Ewing, chief market strategist at First Franklin Financial Services in Tallahassee, Florida. Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve's two-day Federal Open Market Committee Meeting in Washington, U.S., July 31, 2019. REUTERS/Sarah Silbiger

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TV I’m getting mixed messages about the ecominy

TV 🤪

TV Dr. Zulfikar, Iraqi doctor .. died because of fatigue and stress and continuous working in the hospital. We demand the activation of the law protecting doctors. Provide adequate housing for doctors. We determination of working hours for physicians. DrThulfiqar

TV So, does that mean we’re in another financial crisis?

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TV No his a jerk try to do things to harm this President like the other political hacks have. Trump has been calling him out for months. Trying to hurt this country.

TV Question, other than a new home purchase, how does a decrease in interest rates help the middle class? CC rates will not decrease-auto rates may but, most importantly for the middle class, savings accounts remain worthless.

TV This is not a good sign folks!

TV Is it Trump’s debt that motivates him to pressure the Fed for cuts?

TV 🤘🏼❤

TV TARED WILLIAM SAAD,MAIKEL MORENO,ES EVIDENTE Y ELEMENTAL,CUALQUIER ACTUACIÓN CONTRA EL IMPERIO,SE REQUIERE EL APOYO,ASESORAMIENTO DE RUSIA,NO BASTA TENER LA RAZÓN,EL IMPERIALISMO NO RESPETA NORMAS,O PRINCIPIOS,SIN LUGAR A DUDAS SON UNOS 'BICHOS' RESPONDER

TV some people just cant say NO!

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