Powell: This rate cut is a risk management cut
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ChainCatcher news, according to Golden Ten Data, the Federal Reserve cut interest rates by 25 basis points in September, a move supported by most Trump-appointed Fed officials, with only the newly appointed governor Milan opposing, who hoped for a 50 basis point cut. At the press conference, Fed Chairman Powell stated that Wednesday's rate cut was a risk management decision, adding that he did not see the need to adjust rates quickly.
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