The Federal Reserve's September interest rate meeting ended as expected, and the decision to cut interest rates by 50 basis points was finalized.
It was not a rate hike, nor was it maintained unchanged, nor was it a 25 basis point cut, but a direct move to cut interest rates by 50 basis points.
This move disappointed many people who predicted that there would be no rate cut, especially those analysts and "smart" people who insisted on not cutting interest rates, and they lost face.
In this rate cut, only one director voted against it, and he hoped that the rate cut would only be 25 basis points. In the end, Federal Reserve Chairman Powell successfully persuaded the majority of voters and reached a 50 basis point decision.
Powell may be thinking silently in his heart: "When I look back on today's decision in the future, will I be remembered as the one who successfully saved the US economy?"
