US Fed slashes rates by 50 bps — Jerome Powell’s top quotes on economic outlook

https://www.cnbctv18.com/photos/world/us-fed-slashes-rates-by-50-bps-jerome-powell-top-quotes-on-economic-outlook-19478782.htm
The US Federal Reserve implemented a notable half-point reduction in its benchmark interest rate, marking a significant change after over two years of elevated rates designed to control inflation. While these high rates were effective in curbing inflation, they also made borrowing considerably costly for American consumers…