The Federal Reserve cut interest rates by half a percentage point in a larger-than-usual reduction, which doesn't mean the economy is significantly slowing according to Fed Chair Jerome Powell https://t.co/T4Uc4WYQyXpic.twitter.com/u5IgG4IRYF
Here's what gave the Fed the room to move: The US beat inflation faster and more completely than other G7 country, and we did so while continuing to grow the economy. pic.twitter.com/IvlpobhhrO
The Federal Reserve manages interest rates to influence financial conditions within the United States. But those decisions can also affect the posture of other central banks in the world.