Discussion Board

interest rate (2)

Federal Reserve October Decision and inflation!

 

Yesterday, Mr. Jerome powell has announced interest rate cuts, The  Fed cut its Fed funds target rate 25 base points to 1.50% to 1.75%, and gave its point of view about the US economy and expectations, so what is the role of the federal reserve, why this decision has been made, why inflation is main issue to Fed?

The Federal Reserve was founded in 1913, and it is the central bank of the US, the general role of this bank is…

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