Powell's Rate Cut Aims To Mirror Greenspan's 1990s Success

According to BlockBeats, on September 20, The Wall Street Journal commented on Federal Reserve Chairman Jerome Powell's decision to cut interest rates by 50 basis points. The publication noted that the Federal Reserve's objective is to replicate the achievements of former Fed Chairman Alan Greenspan in the 1990s. The rate cut in 1995 laid the groundwork for a subsequent soft landing of the U.S. economy and the prosperity experienced in the late 1990s.