Fed Cuts Despite Dissent, Powell Hedges on December: Fed Special

Bloomberg's Tom Keene and Jonathan Ferro break down the Federal Reserve's decision to cut interest rates by a quarter percentage point, as well as the dissent of two members in...

By Bloomberg · Bloomberg

Bloomberg's Tom Keene and Jonathan Ferro break down the Federal Reserve's decision to cut interest rates by a quarter percentage point, as well as the dissent of two members in opposite directions. Speaking to journalists, Fed chair Jerome Powell hedged when asked about future cuts, saying that a rate cut in December is 'far from' a foregone conclusion. (Source: Bloomberg)