The U.S. Federal Reserve signalled on Wednesday, June 19, 2019 that they could cut interest rates by as much as half a percentage point over the remainder of the year.

During the press conference, chair Jerome Powell was also asked about President Donald Trump's repeated criticisms and comments he would demote Powell, to which he responded that the "law was clear" he would serve a four-year term.

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MSNBC 19 Jul 2019 07:01 CEST

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