Economics

Powell Suggests Fed Embarking on 1990s-Style Mini Easing Cycle

Trump, investors blast Powell’s muddled message after rate cut
Powell bets Fed shift will sustain record long U.S. expansion

Powell Says 'Somewhat Lower' Rate Path Is Warranted

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By Rich Miller and Christopher Condon

August 1, 2019 at 1:00 AM UTC

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Federal Reserve Chairman Jerome Powell hearkened back to the central bank’s 1990’s policy successes by suggesting he can sustain the record long U.S. economic expansion with just a modest reduction in interest rates.