1K views · 18 reactions | 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 | Facebook

#FedFAQs to share: What is the FOMC? The Federal Open Market Committee is the Fed’s main monetary policymaking body. It has 12 voting members, with four of the votes rotating among 11 of the Reserve bank presidents. See the interactive chart below for how the FOMC voting rotation works and read our blog for more: https://ow.ly/HBk150QneGo Visit our website for more Fed facts: https://ow.ly/Q4ve50QneGn | Federal Reserve Bank of St. Louis | Facebook

The Federal Open Market Committee voted 9-3 Wednesday to lower the benchmark federal funds rate by a quarter point. Chair Jerome Powell said the two goals of the Fed are "a bit in tension." Tap the link in bio to read more from today's FOMC meeting. | Bloomberg