Powell Unveils 'Recalibration' in Fed's New Policy Approach 🚨

Federal Reserve Chair Jerome Powell introduced “recalibration” during his news conference following Wednesday's open market committee meeting. Powell explained that the unusual half-percentage point rate cut aimed to adjust policy to maintain economic and labor market strength without signaling an economic slowdown. Economists note that the Fed’s shift represents a broader effort to ensure the labor market doesn’t weaken further and expect more adjustments in upcoming meetings.