Fed Chair Jerome Powell Announces Major Rate Cut as U.S. Inflation Drops Sharply; What Now?

Federal Reserve Chair Jerome Powell, during his 18 September 2024 press conference, emphasized the Fed’s commitment to achieving its dual mandate of maximum employment and stable prices. Powell highlighted the significant progress the U.S. economy has made, particularly in reducing inflation, which has dropped from a peak of 7% to an estimated 2.2% as of […]