Powell's Gambit

The Easing Cycle Begins

Sep 20, 2024

∙ Paid

I participated in the September 18 panel organized by Econvue on the recent Fed decision to cut the benchmark Fed Funds rate. Following is summary of my take on the topic.

Random Access Economics

Powell's Gambit

As expected, Fed Chair Jay Powell delivered a 50 basis point (bp, 0.5%) cut in the benchmark Fed Funds rate at the latest Federal Open Market Committee (FOMC) September 18-19 meeting. The interest rate cut was great than expected—most analysts forecast a more prudent 25 bp cut…

3 months ago · Karim Pakravan

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