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 does the Federal Open Market Committee do, and who is on the FOMC? Get an overview of the Fed’s main monetary policymaking body, which is made up of leaders from around the Federal Reserve System. Learn more: https://ow.ly/ps0150UzzOM #FOMC #Economy #FederalReserve | Federal Reserve Bank of St. Louis