What the Federal Reserve's rate cut decision means

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  • Published on Jun 19, 2019
  • The Federal Reserve held rates steady but raised the prospect for two potential rates cuts this year, as policy makers continue to weigh the right time to act amid concerns over President Donald Trump's trade policies.
    Jerome Powell, the president's choice to run the world's most influential central bank, is facing considerable pressure to keep the US economy steady. Concerns are intensifying that Trump's tariff strategy may end up hurting global growth.
    The decision also comes as Trump continues to criticize Powell, suggesting he might still be willing to try to demote the country's top central banker.
    CNN's Paula Newton talks to Eventshares Chief Investment Officer Ben Phillips and former JPMorgan Chase chief economist Anthony Chan about the impact on the markets and pending trade deals.
    #RateCut #JeromePowell #CNNBusiness

Comments • 20

  • HLM Clan
    HLM Clan Month ago

    Idk

  • Ana Praying for 2020
    Ana Praying for 2020 5 months ago

    There will always be uncertainty in every single government. This time right now things are good. Most people don't want to see it I am a Democrat and I am so happy with what's going on right now. Making me wonder what side I should really be on.

  • Reydmond Reddington
    Reydmond Reddington 5 months ago

    Funny her analogy “ ponche” hahaha

  • Jake W
    Jake W 5 months ago +1

    DOWN WITH THE CENTRAL BANK!!!
    NATIONAL SLAVERY
    IN DEBT WE TRUST

  • FORTNITE GAMER
    FORTNITE GAMER 5 months ago

    I here boooooooooring

  • Jim Russell
    Jim Russell 5 months ago

    Please Jerry stay steady, we don't need a know nothing about economics or anything else and understands less orange man child further damaging our economy.

  • Joey Carlyle
    Joey Carlyle 5 months ago

    The economy is slowing down worldwide, and the Fed doesn't have that much to cut, because the rates are already artifically low. when the next true recession hits, it's going to be interesting to see what they do.

  • ILoveCoffee
    ILoveCoffee 5 months ago +5

    But i thought the economy was booming? If the economy is booming shouldn't they be raising rates?

    • Chu Kim
      Chu Kim 5 months ago +2

      Nah its all lies. There is a big recession now.

  • Chris Choir
    Chris Choir 5 months ago

    FAKE NEWS !!! They didn't cut rates...

  • Gary Sutphin
    Gary Sutphin 5 months ago

    Manufacturing is only 10-11% of the economy. THAT is a fucking shame.

  • Gary Sutphin
    Gary Sutphin 5 months ago +3

    "The Federal Reserve" is political double-speak. It was only named that to give the average person the idea that it's a branch of the Federal government. It is NOT. It is a totally private organization owned and run by BANKS. NOT the government. Look it up.

  • Johnny LeRose
    Johnny LeRose 5 months ago +2

    Big Rate Cuts coming, beginning in July...imho

  • BRYAN crypt keeper CALLEN
    BRYAN crypt keeper CALLEN 5 months ago +5

    Why am I watching CNN....

  • kayesissle mczeal
    kayesissle mczeal 5 months ago +2

    Printing money again! We are going around in circles! That is not the solution and I am not an economist. LOL

    • kayesissle mczeal
      kayesissle mczeal 5 months ago

      Jose Aguirre. Repeat I am not an Economist. Going in circles has happened and money was never paid back; 22 Trillion Mmmmm not gonna get paid. Blessings

    • Jose Aguirre
      Jose Aguirre 5 months ago

      kayesissle mczeal What’s the solution then?

  • kayesissle mczeal
    kayesissle mczeal 5 months ago

    Economy is messed up! Rediculous!