The Federal Reserve's September interest rate meeting ended as scheduled, with a 50 basis point interest rate cut, which was beyond many people's expectations. It was not a rate hike, nor was it unchanged, nor was it a small rate cut, but a direct and large rate cut. Many people who firmly believed that there would be no rate cut are now surprised.
In this rate cut, only one director opposed it, believing that it should only be reduced by 25 basis points. Powell successfully convinced the majority of voters. At this time, he may be thinking in his heart: "Looking back on today in the future, can I be regarded as a key figure in saving the US economy?"
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