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CSPAN Federal Reserve Chair Powell Holds News Conference On Monetary Policy July 13, 2024

To 3. 6 . Despite the economic outlook, Federal Reserve chairman jay powell announced a rate cut. He took questions following the announcement. Good afternoon and welcome. My colleagues at the Federal Reserve and i are dedicated to serving the american people. We do this by steadfastly pursuing the goals that congress has given us. Maximum employment and stable prices. We are committed to making the best decisions we can based on facts and objective analysis. Today we decided to lower the Interest Rates for the third time this year. We took this step to help keep the u. S. Economy strong in the face of Global Developments and to provide insurance against ongoing risks. As i will explain shortly, the policy adjustments weve made since last year are providing a ....

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