LIVE: Federal Reserve Chair Jerome Powell holds a press conference

The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump’s presidential election victory this week.

#news #federalreserve #interestrates

[whitehorse]

I wonder if this was decided to be done before the election or because of the outcome of it?

[suzannakoizumi]

Jerome Powell should either look for a new job now or retire.

[mikecoffee]

End the fed. The free market should set interest rate not a group of bureaucrats.

[JamesSerdna]

You had 4 years to fix everything now you want to lower rates go get wrecked!

[Mythrandir-L]

Kind of wild the timing. He doesn't want to lose his job so he figured him and all of his ilk better take precaution action.