According to Jinshi, the Wall Street Journal commented that the goal of the 50BP rate cut by Federal Reserve Chairman Powell is to repeat the masterpiece of former Chairman Greenspan in the 1990s. The rate cut in 1995 laid the foundation for the soft landing of the US economy and the prosperity in the late 1990s.
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Wall Street Journal comments on Powell's 50BP rate cut: The goal is to repeat Greenspan's masterpiece in the 1990s
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