Fed's Powell on Rate Cut: 'Risks to Inflation Are Tilted to the Upside' | WSJ News

At today's meeting, the committee decided to lower the target range for the federal funds rate by a quarter percentage point to four to four and a quarter percent and to continue reducing the size of our balance sheet. In the near term, risks to inflation are tilted to the upside and risks to employment to the downside. A challenging situation when our goals are intention like this.Our framework calls for us to balance both sides of our dual mandate. With downside risks to employment having increased, the b ...