Powell: 50 basis points rate cut is not widely supported
Source: BlockBeats
Time: 2025-09-18 02:53:09
BlockBeats News, on September 18, Federal Reserve Chairman Powell said that there was no widespread support for a larger, 50 basis points cut at the meeting this week, after the Federal Reserve cut 25 basis points. "Today there is no broad support for a 50 basis point rate cut," Powell told reporters at a press conference. "You know... we have carried out very large rate hikes and rate cuts in the past five years, and that usually happens when policies are significantly misaligned and need to be adjusted to a new level quickly." (Jin Shi)