Fed Chair Jerome Powell’s next rate cuts will be much smaller

Jerome Powell has no plans for another big rate cut like the last one. Speaking in Nashville on Monday, the Federal Reserve Chair made it clear that the aggressive half-point interest rate cut we just saw isn’t the new normal. From here on out, any rate cuts will be smaller, most likely in quarter-percentage-point steps. […] source: https://www.cryptopolitan.com/fed-chair-jerome-powells-next-rate-cuts-will-be-much-smaller/