Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year. The Federal Open Market Committee voted 11-1 to cut the target range for the federal funds rate to 4%-4.25%, with one official favoring a larger cut.
This is a special "Bloomberg Surveillance: The Fed Decides."
Guests include:
Charles Schwab’s Kathy Jones
SocGen’s Subadra Rajappa
Former New York Fed President Bill Dudley
JPMorgan’s Bob Michele
