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Powell: Low rates abroad a sign of weak global growth

Federal Reserve chairman Jerome Powell holds a press conference after the Fed's decision to cut rates by 25 basis points.

Read more: https://www.cnbc.com/video/2019/09/18/powell-low-rates-abroad-a-sign-of-weak-global-growth.html

Powell doesn't see the Fed ever using negative interest rates, even in times of crisis

Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.

Read more: https://www.cnbc.com/2019/09/18/powell-doesnt-see-the-fed-ever-using-negative-interest-rates-even-in-times-of-crisis.html

Powell says it's possible the Fed will have to resume balance sheet growth

Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease liquidity markets.

Read more: https://www.cnbc.com/2019/09/18/powell-says-its-possible-the-fed-will-have-to-resume-balance-sheet-growth.html

Powell says a 'sequence' of rate cuts could be needed if economy turns, but doesn't see that now

Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as necessary now.

Read more: https://www.cnbc.com/2019/09/18/powell-press-conference.html

Trump says Powell and the Fed 'Fail Again' — 'No guts, no sense, no vision!'

The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.

Read more: https://www.cnbc.com/2019/09/18/trump-says-powell-and-the-fed-fail-again-have-no-guts-no-sense-no-vision.html

Fed gets more divided, as three members vote against rate cut

The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.

Read more: https://www.cnbc.com/2019/09/18/fed-gets-more-divided-as-three-members-vote-against-rate-cut.html

Fed forecasts no further rate cuts in 2019 and 2020, but members are divided

The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.

Read more: https://www.cnbc.com/2019/09/18/fed-dotplot-september-2019.html

Fed cuts rate on bank reserves amid repo market turmoil

The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.

Read more: https://www.cnbc.com/2019/09/18/fed-ioer-fed-cuts-rate-on-bank-reserves-amid-repo-turmoil.html

Fed approves quarter-point rate cut but is divided on further action this year

Investors largely expected the FOMC to cut rates by a quarter point.

Read more: https://www.cnbc.com/2019/09/18/fed-decision-interest-rates-cut.html

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Economic News

Powell: Low rates abroad a sign of weak global growth

Powell doesn't see the Fed ever using negative interest rates, even in times of crisis

Powell says it's possible the Fed will have to resume balance sheet growth

Powell says a 'sequence' of rate cuts could be needed if economy turns, but doesn't see that now

Trump says Powell and the Fed 'Fail Again' — 'No guts, no sense, no vision!'

Fed gets more divided, as three members vote against rate cut

Fed forecasts no further rate cuts in 2019 and 2020, but members are divided

Fed cuts rate on bank reserves amid repo market turmoil

Fed approves quarter-point rate cut but is divided on further action this year

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