Following the Federal Open Market Committee’s (FOMC) decision to lower the federal funds target rate by 25 basis points to 2% – 2.25% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press with key quotes, via Reuters, found below. “Global business cycle on manufacturing and investment underway.” “Rate cut decision is different from the beginning of a lengthy cutting cycle.” This last comment seems to be providing a fresh boost to the US Dollar Index, which was last up 0.6% on the day at 98.66. About Jerome Powell (via Federalreserve.gov) Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System’s principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple announces a partnership with Kyoto University and the University of Tokyo for Blockchain Research FX Street 4 years Following the Federal Open Market Committee's (FOMC) decision to lower the federal funds target rate by 25 basis points to 2% - 2.25% range, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press with key quotes, via Reuters, found below. "Global business cycle on manufacturing and investment underway." "Rate cut decision is different from the beginning of a lengthy cutting cycle." This last comment seems to be providing a fresh boost to the US Dollar Index, which was last up 0.6% on the day at 98.66. About Jerome Powell… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
