Federal Reserve Chair Jerome Powell on Sept. 18 discussed the agency’s decision to lower its key interest rate by a quarter point. Powell said the Fed’s economic outlook is still positive, but it will respond to economic changes as appropriate. The rate cut was in response to global uncertainty that is dragging on the U.S. economy. “We do see trade uncertainty is having an effect. It’s hard to quantify it though,” Powell told reporters in a news conference after the Federal Reserve’s meeting.
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts