Instant Reaction: Jay Powell on Fed Policy

12/18/24 • 23 min

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance as the Fed lowered interest rates for a third time, but reined in the number of cuts they expect in 2025.

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Instant Reaction: The Fed Decides

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance

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Government Shutdown Deadline; Fed Fueled Selloff on Wall Street

On today's podcast:

1) Trump Breaks With Johnson on Funding Bill, Wants Debt Limit Vote

2) Powell Signals Fed’s Focus Has Returned Firmly to Inflation

3) Micron Set for Biggest Drop Since 2020 on Sluggish Sales Outlook

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Bloomberg Daybreak: US Edition - Instant Reaction: Jay Powell on Fed Policy

Transcript

Speaker 100:00:02.479

Bloomberg Audio Studios, podcasts, radio news.

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After reducing interest rates by twenty five basis points straight out of the gate in that news conference, asked an obvious question, why do this when you're expecting inflation to remain above target? The chairman acknowledging today was a closer call that we've cut interest rates by one hundred basis points across three meetings. The recalibrat