A Trip to Alaska With San Fran Fed President Mary Daly
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Seconds away. The question is not if they'll cut interest rates. The question is, by how much? The answer to your question, John, is a quarter percentage point cut as expected, but Fed officials also see two more cuts this year in October and December.
It's Wednesday, September 17. The Open Market Committee has just wrapped up their most recent meeting in Washington, D. C. And after two days of analyzing and debating and forecasting, the committee voted to cut interest rates by 25 basis points.
I remain squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. While the unemployment rate remains low, it has edged up. Job gains have slowed.
Yeah. It's the first time the Fed has cut in over a year, move coming after months of debate. And on the one hand, the labor market is slowing. But on the other hand, we're still trying to figure out what the impact of the tariffs is on prices. Consumer spending is still going strong.
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