Detailed text transcripts for TV channel - FOXNEWS - 20190731:22:02:00
Other countries around the world. as usual, powell led us down." the markets certainly weren't thrilled at the quarter-point cut. many investors had expected a full half point reduction. but the dow really went into a nosedive, down near 500 points after jerome powell seemed to suggest it might be one and done as far as lowering interest rates. >> we're thinking of it as essentially in the nature of a midcycle adjustment to policy. >> the markets climbed part way back up the ladder after powell clarified that the fed wasn't rolling out more cuts as needed. if president trump wasn't worried sol...