Washington, Sept 19, 2024 (AFP) - US Fed rate cut is 'very positive sign' for economy: Yellen

NAMPA / AFP

2024-09-19

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday. Yellen's remarks came a day after the Federal Reserve opted for an aggressive rate cut of half a percentage point, its first since 2020 as inflation cooled. "It reflects confidence on the part of the Fed that inflation has come way down and is on the path back to......

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