LIVE: US Fed Cuts Interest Rates By 50 Bps | Jerome Powell Announcement | Interest Rate Cut | FOMC

LIVE: US Fed interest rate decision | Jerome Powell speech | Fed Chair Jerome Powell announces the central bank's first rate cut in more than four years. The US central bank held the interest rates steady 11 times for the past one year since July 2023. Before that, between March 2022 and July 2023, the US Federal Reserve raised the interest rates by 525 basis points to control inflation, which hit a multi-decade high amid the Ukraine-Russia war and COVID restrictions. Tune into the press conference live!

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