US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) cut the key benchmark rate by 25 basis points, bringing it down to the 3.75-4% range. According to the FOMC statement, "uncertainty about the economic outlook remains elevated." #Watch #FederalReserve​ #FOMC​ #InterestRates #RateCut​ #JeromePowell​ #USEconomy #CNBCTV18Digital | CNBC-TV18

What is the Federal Open Market Committee (FOMC)?

50K views · 86 reactions | The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point. Chair Jerome Powell said the two goals of the Fed are "a bit in tension." Tap the link in bio to read more from today's FOMC meeting. | Bloomberg | Facebook