Nick Timiraos: The Federal Reserve's third rate cut under Powell's leadership

ChainCatcher news, according to Jin Shi reports, "Fed mouthpiece" Nick Timiraos stated that this is the third time the Fed, under Powell's leadership, has begun to cut interest rates without a clear economic downturn. However, considering the more challenging inflation situation and political factors (the White House's confrontational stance), the stakes in 2019 and 2024 are different from those now.