Summary
- Jerome Powell, Chair of the U.S. Federal Reserve, said a 25bp rate cut may not have a large impact on the economy.
- He said it is uncertain whether this small rate cut will bring major changes across the economy.
- The Fed said it cut the policy rate by 25bp that day.
On the 17th (local time), CNBC reported that Jerome Powell, Chair of the U.S. Federal Reserve (Fed), said it is uncertain whether this 25bp rate cut will bring major changes across the economy.
He explained that the effect of a small rate cut on the economy could be limited. That day, the Fed cut its policy rate by 25bp.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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