US FRB additional rate cut decision September 19 at 12:19
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The Federal Reserve Board, the US central bank, has decided to cut rates further to prevent economic slowdown due to the effects of trade friction with China. However, attendees of the meeting also pointed out that interest rate cuts will not be necessary in the future, and Powell is likely to be forced to steer.
The FRB held a meeting until the 18th and decided to cut the rate further by 0.25% in order to prevent the economy from slowing down because of the impact of trade friction between the US and China. The range was 1.75% to 2%.
The FRB will cut interest rates for the second consecutive time following the July meeting, when it decided to cut rates for the first time in 10 and a half years.
President Powell said at the conference that “if the economy slows down, a more drastic rate cut is appropriate”, he showed consideration for the stock market, which expects further rate cuts.
However, according to the monetary policy outlook for the 17 participants at the meeting, more than half of the 10 members expressed their view that interest rates will remain unchanged or raise, and interest rates will not need to be lowered. It seems to have been.
On the other hand, President Trump said that “The President Powell made a mistake. The rate cut was too slow” and dissatisfied with the rate cut.
With uncertainty about the future of the US economy, Chair Powell is likely to be forced to steer.