Fed Cuts Rates by 25 Basis Points | Jay Powell Press Conference

The Federal Reserve cut its benchmark lending rate by a quarter percentage point to a range of 4.5% to 4.75%. Watch Federal Reserve Chair Jerome Powell's full press conference, then get expert analysis and market reaction on a special "Bloomberg Surveillance: The Fed Decides."

00:00:00 welcome
00:01:00 set up
00:07:00 Bob Michele
00:15:00 Kathy Jones
00:24:00 Future fed decisions
00:28:00 The Fed Decision
00:30:00 Richard Clarida on fed cutting rates
00:40:00 Fed reaction
00:52:00 bond market reaction
01:00:00 Powell press conference begins
01:48:00 Rick Rieder on Fed

#politics #economy #election #fed

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[ceejaydeesoozaa]

thx for upping the full press conf. bloomberg is #1. there are none higher

[Tonyrobs]

Some experts think rate cuts would boost certain industries, while others warn it will increase concerns. I'm reviewing my $600K portfolio allocations and I'm curious about strategies to respond to these potential sector impacts.

[payroll]

The promise of trickle down economics, the gift that just keeps on giving for the wealthy elites like Musk, Bezos, & Trump.

[spacecoastaesthetics]

Yeah, good luck with that Dr. Destructo. Went grocery shopping today, every BOGO was sold out even though they just came out today. Welcome to our world.

[sanjaymandal]

I think the fed has worked on sound economics. The mess mostly happens in fiscal poilcy

[coldflu]

Well, conjuring currency from thin air and charging a premium for it does sound silly, eh?

[felixrivero]

Bubble stock market, Bubble house market. 1929 Herbert Hoover.

[raadalawanrealtor]

I love all these people who say he needs to resign. You don't know one damn thing about rates. We have and are UNDERBUILT in this country. Not enough homes. The BANKS will keep rate elevated to keep the housing market from blowing up and going back to where we were 3-4 years ago. There's more to mortgage rates than interest rate cuts. Inflation core, housing supply, jobless claims, groceries.

[tamarazwinak]

Price stability is what the average person wants to see at the grocery store. Wages must be livable. Price and wage stability. Democratics leave the economy in great shape and Republicans come in to office and increase the deficit, fuel inflation and institute policies that benefit foreign transplants like Musk, Sacks and Theil.

[Fractalsandie]

jerome/: nobody in America gets to keeps their job losing $2billion a week!
Jerome Powell’s Fed Notches an Historic Record of $204 Billion in Cumulative Operating Losses – Losing Over $1 Billion a Week for More than Two Years

[sanjaymandal]

Powell basically is saying that the fed will watch, is prepared and will not allow to chnage its thinking from that of a watchdog. If fiscal policy causes intrusion they will react

[Satoshinakamoto]

Since i invented bitcoin it has helped so many people in africa getting off the worthless dollar system as i have intented😊❤