• 3 months ago
Federal Reserve Chair Jerome Powell introduced “recalibration” during his news conference following Wednesday's open market committee meeting. Powell explained that the unusual half-percentage point rate cut aimed to adjust policy to maintain economic and labor market strength without signaling an economic slowdown. Economists note that the Fed’s shift represents a broader effort to ensure the labor market doesn’t weaken further and expect more adjustments in upcoming meetings.

Category

🗞
News
Transcript
00:00It's Benzinga, and here's what's on the block.
00:30It's Benzinga, and here's what's on the block.

Recommended

0:42
I
Up next
Fed Chair Jerome Powell Sees No Rush for Rate Cuts as Economy Remains Resilient, Advocates Caution
Benzinga
0:31
Fed Chair Jerome Powell Remains Unfazed by Economic Worries Despite Calls to Act Immediately on Rate Cuts
Benzinga
0:30
Fed Chair Powell: Rate Cut in March "Not Likely" Based on Today's Meeting
Benzinga
0:37
Fed Eyes Neutral Rate as Trump Policies Add Economic Uncertainty
Benzinga
0:38
Mohamed El-Erian Criticizes Fed Chair Powell's Interview Performance: 'He Struggled With Some Of The Smart Questions'
Benzinga
0:38
Fed Chair Powell Stresses Caution on Interest Rate Cuts, Stresses Need for Confidence in Inflation Trend Before Rate Cuts
Benzinga
0:47
Fed Chair Powell Pushes Back on Inflation Tolerance Claims, Reiterates Commitment to 2%
Benzinga
0:45
Treasury Yields Drop As Markets React To Trump’s Pick Of Scott Bessent For Treasury Secretary
Benzinga
2:25
Fed keeps benchmark interest rate unchanged, but signals rate cuts in future
Arirang News
16:35
Federal Reserve Chair Jerome Powell’s Jackson Hole Symposium Speech
Benzinga
1:31
Fed Increases Rates by Half a Percentage Point, Biggest Hike Since 2000
Wibbitz Top Stories
1:17
Federal Reserve head Janet Yellen hints at US interest rate hike in December
euronews (in English)
0:36
Fed Chair Jerome Powell Hints at Possible Interest Rate Cut in September
Benzinga
1:31
US Adds 253,000 Jobs in April
Wibbitz Top Stories
0:58
No US interest rate rise expected from Federal Reserve this month
euronews (in English)
0:39
​​Trump’s Election Won't Shift Fed's Near-Term Path, Says Fed Chair Jerome Powell
Benzinga
0:45
Morgan Stanley CEO Predicts U.S. Economic Strength In 2025, Highlighting Consumer Spending And Corporate Resilience
Benzinga
4:25
Fed cuts rate by 0.25% for first time since 2008: Analysis from New York Thomson Reuters Angela Moon
Arirang News
0:40
Fed Minutes Show Divisions on Aggressive Rate Cuts. Treasury Yields Surge On Fed Action
Benzinga
0:51
Fed Chair Jerome Powell Confident Fed Independence Will Endure Under Trump Administration
Benzinga
0:44
Paul Krugman Says Cut Rates 'Now Now Now,' As New York Fed's Inflation Measure Hits 2.06%: 'The Eagle Has Soft Landed'
Benzinga
0:49
Investors Await Powell's Speech
Benzinga
0:45
Fed Chair Jerome Powell Set To Speak As Economists Raise Concerns Over Risks Arising From Potential Policy Missteps And 2024 Election
Benzinga
0:33
Fed Expected to Keep Interest Rates High as Optimism Remains High for September Rate Cuts
Benzinga
0:30
2019 Economic Forecast: Federal Reserve Chair Jerome Powell Defends Rate Hikes
Newsweek