Powell: This rate cut is a risk management cut

ChainCatcher news, according to Jinshi reports, the Federal Reserve cut interest rates by 25 basis points in September, a move supported by most of the Federal Reserve officials appointed by Trump, with only the newly appointed governor, Milan, opposing it, hoping for a 50 basis point cut. At the press conference, Federal Reserve Chairman Powell stated that Wednesday's rate cut was a risk management decision and added that he believes there is no need to adjust interest rates quickly. (Jinshi)