US Federal Reserve looks committed to lowering interest rates to a more neutral position: Economist

The United States Federal Reserve cut its key lending rate by 50 basis points, or half a percentage point, on Wednesday (Sep 18) in its first reduction since the COVID-19 pandemic. William Lee, chief economist at think tank Milken Institute, believes the Fed has enough evidence that inflation is moderating sustainably and is ready to cut interest rates at a gradual pace. He shares his views with CNA's Asia Now on the sidelines of the Milken Institute's Asia Summit.

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[SAMINK]

If Jerome had not seen a recession, he would have cut 0.25, but he did see a recession and cut 0.50.

[mfmcintyre]

The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.

[georghackl]

Falling interest rates increase the money supply; power times powerlessness equals burden times burdenlessness!

[happymelon]

lowering interest rates 50points
Why don't tell The truth ?
They can't pay ...

[conti-vltx]

US is the cause of inflation

The US is the world's largest economy and issuer of a major international currency. Hence the heavy spillover effect of its fiscal conditions and policy choices on the world economy and the importance for the US to adopt responsible fiscal and monetary policies.

However, the US has long used its dollar hegemony, borrowed recklessly, shifted crises, and pursued quantitative easing which knows no limit. This has spread US inflation to other parts of the world, made debt problem and economic woes in some emerging economies and developing countries even worse and seriously held back global recovery.

As the Treasury Secretary of the Nixon administration John Connally once put it. "The dollar is our currency, but it is your problem." The US need to opt for responsible fiscal and monetary policies. And work with other economies to enhance macroeconomic policy coordination. Jointly safeguard international economic and financial stability and contribute to global recovery.

[xxoo-lpvc]

The whole world is going same direction, midia has the responsibility to correctly let the people know.

Emerican :
At 70, I’ve lived through a lot of recessions, and every time, (before a recession), the government told us everything was fine and there’s no need to worry about a recession. So when Powell or anybody else from the government tells me not to worry, I get real worried.

Let's rent is going up, my groceries are going up, my utilities are going up, gas is going up, I can't afford my meds, I'm selling my guitar to put gas in my car to get to work. Yep, everything's fine

[chekeocha]

Lol..after many months they told people they miscalculated 800, 000 jobs

[rajasingammuthusamy]

All other countries must not lower down their federal interest rate so that the inflation, retail prices, and local currency money value remain stable.

[sabilj]

The US is trying to cushion the impact of deficit and debts of a whopping trillion dollars. It will not have any effect on many countries because most countries are now trading outside of the Swift system. Another reason is many countries are trading in their local currencies instead of using the dollar.

[ChandraChandra-ernf]

When to reduce local banks mortgage interest rates?

[sunderx]

Lol 4.75% is nowhere close to neutral 😂 buckle up. Brace for impact 🔥

[GASIA-cwiw]

US$35 trillion and still has to print US$2 trillion every year. Yeah, try to sustain it for a decade.
Come come, bring the US$ to Singapore to buy coffee shops.
We offer good rental income.
Ha ha ha!

[GASIA-cwiw]

USD, JPY, EUR, Singapore's reserves is in very risky waters.
Oh, yes, Singapore is a global financial (money laundering) hub.
Can survive the next giant financial crisis bo?
Ha ha ha!

[AndeeLee-yiot]

It still has to be a licensed broker like uSMART that can trade ETFs from other countries.