Fed Chair Jerome Powell says he trusts his decision to cut rates by 50 bps

Fed Chair Jerome Powell says he trusts his decision to cut rates by 50 bps
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Jerome Powell, the man in charge of the Federal Reserve, has addressed the public directly moments after his decision to slash interest rates by 50 basis points.

At the post-FOMC presser, Powell told us that he trust the decision he made, and that it wasn’t because the economy is doing worse than economists think.

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