/biz/ - Business & Finance

>>15065486
>he didn't want to say another quarter point cut is coming, at that point he might as well have said

"“Let me be clear: What I said was it’s not the beginning of a long series of rate cuts. I didn’t say it’s just one or anything like that. When you think about rate-cutting cycles, they go on for a long time and the committee’s not seeing that. Not seeing us in that place. You would do that if you saw real economic weakness and you thought that the federal funds rate needed to be cut a lot. That’s not what we’re seeing.”

https://www.cnbc.com/2019/07/31/the-two-words-from-jerome-powell-that-rocked-the-financial-markets.html

"I didn't say just one"

>>15051998
>so if he doesnt' cut rates, the markets going to dive
Like Draghi did earlier. That would be awesome. Show 'em who's boss. =p