Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%.
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Hear Chair Powell explain decision to slash interest rates

The Federal Reserve announced a jumbo-sized rate cut, its first rate reduction cut since Covid. Federal Reserve chair Jerome Powell held a press conference to share more about the supersized rate cut. 

01:24 - Source: CNN
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Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%.
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Hear Chair Powell explain decision to slash interest rates
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