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US Federal Reserve ‘behind the curve’ with rate cut
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CNN International Business Correspondent Richard Quest says the US Federal Reserve is probably “behind the curve” with its newest interest rate cut.
The US Federal Reserve has cut interest rates for the first time in four years.
The move has been seen by some economists to cool the country’s economy and lower inflation.
“Jay Powell, the chair of the Fed, says that they didn’t want to get behind the curve,” Mr Quest said.
“The reality is though that if you’re doing a half a point now, you probably are behind the curve.”
The US Federal Reserve has cut interest rates for the first time in four years.
The move has been seen by some economists to cool the country’s economy and lower inflation.
“Jay Powell, the chair of the Fed, says that they didn’t want to get behind the curve,” Mr Quest said.
“The reality is though that if you’re doing a half a point now, you probably are behind the curve.”
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