Content Summary
At the September FOMC policy meeting, the Fed delivered their first policy rate cut when they lowered the target range for the federal funds rate by 25 basis points to 4.00% – 4.25%. In their statement, the Fed wrote that they are “attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen”. In the press conference that followed the release of their policy statement, Chair Powell stated that the reduction of their policy rate was a “risk management rate cut” while also stating that in this current environment there are “no risk-free paths” when it comes to their future interest rate policy decisions.
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