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Following Rate Cut, How Does The Fed View The Economy?

Federal Reserve Chair Jerome Powell at a September 18, 2019 press conference.
Federal Reserve
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Federal Reserve Chair Jerome Powell at a September 18, 2019 press conference.

The Federal Reserve cut its benchmark interest rate yesterday for the second time this year while saying it's prepared to continue doing what it deems necessary to sustain economic expansion. The Fed’s move reduces its benchmark rate by a quarter-point to a range of 1.75 to 2 percent. 

WAMC’s Jim Levulis spoke with economist Hugh Johnson, founder of Hugh Johnson Advisors in Albany, about how the Fed views the state of the economy.

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