In a bold move to keep the economic vibes flowing 📈, the U.S. Federal Reserve slashed interest rates by a hefty 50 basis points last Wednesday. With inflation cooling off and job markets showing signs of chill, former Fed Vice Chairman Donald Kohn believes it's not just about the one-time cut—it’s about keeping the momentum going!
\"Starting and continuing to cut rates is key because the markets will anticipate,\" Kohn shared in a candid chat with CGTN's He Jingyi. 🗣️
For young entrepreneurs and investors out there, this could mean more favorable borrowing conditions and a boost in market confidence. The Fed's action reflects a proactive stance to keep the U.S. economy humming and could have ripple effects across global markets, including Asia and beyond.
So, what's the takeaway? Keep an eye on those rate cuts, folks—they might just be the spark that fuels new opportunities in the ever-evolving financial landscape! 💡🌐
Reference(s):
Former Fed vice chair: Important to start and keep cutting rates
cgtn.com
