Jerome Powell Interest Rates 2024. September 18, 2024 at 6:08 pm edt. The federal reserve cut interest rates on wednesday by half a percentage point.

Federal reserve chairman jerome powell says he’s increasingly confident that inflation will soon be tamed, setting the stage for the central bank to start cutting. America’s top central banker has unambiguously signaled that lower interest rates are finally on the horizon, marking a crucial milestone for the federal.