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    Trump admin. rushes to contain rising oil and gas prices amid Iran war

    01:42
  • Markets drop as gas prices, mortgage rates rise

    00:53
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    01:48
  • Trump says he’s not sending ground troops to Iran

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  • Federal Reserve keeps interest rates unchanged

    03:03
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    02:42
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    03:35
  • Netflix abandons bid for Warner Bros. Discovery

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    12:36
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    03:03

Powell speaks on Federal Reserve decision to cut interest rates

This version of Powell Speaks On Federal Reserve Decision To Cut Interest Rate 219629125867 - Breaking News | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.

02:36

After the Federal Reserve announced a 0.5% interest rate cut, Fed Chair Jerome Powell stated that the economy is strong and has made significant progress over the past two years. He noted that the labor market has cooled from its previously overheated state, reflecting growing confidence that its strength can be maintained.

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