Tag: cut rates

• Wednesday, March 4th 2020 - 07:18 UTC

  US Treasury Secretary Mnuchin strongly supported Fed's decision to cut rates

  

  United States Treasury Secretary Steven Mnuchin told lawmakers on Tuesday that he supported the Federal Reserve’s decision to cut rates in a bid to support the economy amid the coronavirus outbreak.

• Wednesday, June 5th 2019 - 09:41 UTC

  Federal Reserve prepared to cut rates if trade conflicts threaten US economy

  

  Chairman Jerome Powell said on Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year.