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Fed debated bigger rate cut, wanted to avoid appearing on path for more cuts

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Fed debated cutting interest rates more aggressively at last meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts

FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo

The U.S. central bank cut rates by 25 basis points at the close of its July 30-31 meeting, with minutes for the meeting published on Wednesday showing broad concern among policymakers over a global economic slowdown, trade tensions and sluggish inflation.preferred a 50 basis point cut,” according to the minutes, saying the policymakers favoring such a move were concerned by inflation being too low.

“Participants generally favored an approach in which policy would be guided by incoming information ... and that avoided any appearance of following a preset course,” according to the minutes.

 

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If the wealthy actually did something with their huge tax cuts paid by the people other than sit on it we wouldn't be talking about cutting interest rates and use what cushion we have in case of a major issue that may come about. Trump going to have us so broke it's pitiful.

What is the level of Trump's debt and how much would a 100 basis point rate cut help him?

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