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  • ok through what's a pretty volatile situation," said Powell. "That means, not overreacting quickly, it m▓eans not underreacting too. That's what we're trying to do."Three of the 10 members of the committee▓ voted against the quarter-point rate

  • cut decision, ▓highlighting growing split among monetary policymakers. As in July, Federal Reserve Bank of Boston President

  • Eric▓ Rosengren, and Kansas City Fed President Esther George "pr▓eferred" to maintain the target range for the federa▓l funds rate at the previous level. St. Louis Federal Reser▓ve President James Bullard, meanwhile, demanded▓ a larger cut, by

  • 50 basis points.When asked about how▓ he viewed the divided opinions, Powell said at the press conference that this is diff

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icult judgement, and such division is "nothing but healthy."U.S. Preside

ports have weakened,"

nt Donald Trump again lash▓ed out at the central bank shortly after the ra▓te cut announcement, saying i

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d in a statement."

n a tweet that "Jay (Jerome) Powell and the Federal Reserve Fail Again. No 'guts,' no sense, no vision

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h basis, overall

! A terrible communicator!" The president had repeatedly demanded a lar▓ger cut.In response to a questi

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on regarding Trump's comment, Powell reaffirmed the central bank▓'s independence. "I assure you that my

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olitical considerations. We're going to use our best judgment based on facts, ev

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idence and objective analysis in pursuing our g▓oals," he said.Seven out of the

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17 Fed officials expect▓ one more rate cut this year, and the central bank's me?/p>

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坉ian forecasts for rates suggested no more cut this year, according to the latest FOMC participants' assessments of appropriate monetary policy, which was also released on Wednesday."Our eyes are▓ open, we're watching the situation," Powell said, without specifying the Fed's next move. "I'd love to be

able to ▓articulate a simple, straightforward, stoppi▓ng rule, but it'll be when we think we've done enough."Please scan the QR Code to follow us▓ on InstagramPlease scan the QR Code to follow us ▓on WechatChinese President Xi Jinping on Thursday called ▓on the whole Party and nation to strive for realizing t

he tw▓o centenary goals and the Chinese Dream of national rejuvenation.Xi stresses striving for national rejuvenation ahead of PRC's 70th founding anniversaryX▓i stresses striving for national rejuvenation ahe▓ad of PRC's 70th founding anniversary09-15-2019 09:39▓ BJTBEIJING, Sept. 12 -- Chinese Preside

nt Xi Jinping on Thursday called on the whole Pa▓rty and nation to strive for realizing the two centena▓ry goals and the Chinese Dream of national rejuv▓enation.Xi, also general secretary of the Communist P▓arty of China (CPC) Central Committee and chairman of the Central Military Commission, made the call wh