{"id":106106,"date":"2024-09-18T23:00:00","date_gmt":"2024-09-18T19:00:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=106106"},"modified":"2024-09-19T00:35:33","modified_gmt":"2024-09-18T20:35:33","slug":"powell-fomc-decisions-are-never-about-politics-or-anything-else","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/powell-fomc-decisions-are-never-about-politics-or-anything-else\/09\/18\/market-updates\/","title":{"rendered":"Powell: FOMC decisions are never about politics or anything else"},"content":{"rendered":"\n<p>Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.<br><br><span style=\"text-decoration: underline;\"><strong>Key quotes<br><\/strong><\/span><br>&#8220;Immigration is one of the things that has allowed unemployment rate to rise.&#8221;<br><br>&#8220;Further declines in job openings will translate more directly into unemployment.&#8221;<br><br>&#8220;My own sense is we are not going back to negative rates for long-term bonds; it feels neutral rate is higher than it was.&#8221;<br><br>&#8220;It feels to me that neutral rate is probably significantly higher than it was pre-pandemic.&#8221;<br><br>&#8220;Fed makes decisions based on its service to American people.&#8221;<br><br>&#8220;Our decisions are never about politics or anything else.&#8221;<br><br>&#8220;Our job is to support the economy on behalf of the American people.&#8221;<br><br>&#8220;If we get it right, will benefit the American people.&#8221;<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.Key quotes&#8220;Immigration is one of the things that has allowed unemployment rate to rise.&#8221;&#8220;Further declines in job openings &hellip;<\/p>\n","protected":false},"author":13,"featured_media":104964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[6885,9591,7164,7740],"class_list":["post-106106","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-fomc-decision","tag-powell","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=106106"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106106\/revisions"}],"predecessor-version":[{"id":106114,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106106\/revisions\/106114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/104964"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}