Federal Reserve Lower Rates 25 bps as Expected, Monitoring Economic Growth

Helmholtz Watson

Fed chair Powell’s opening statement:

Oct 30 2019

We cut to provide insurance against ongoing risks
We believe monetary policy is in a good place
Fed continues to expect the economy to expand at a moderate rate
Many who have struggled are now getting opportunities
Inflation pressures remain muted
We’re mindful that low inflation could push down inflation expectations
Weakness in global growth and trade pose ongoing risks