WACO, Texas (KWTX) - Federal Reserve Chair Jerome Powell held a news conference this afternoon talking about how this cut will further the Department’s goal of increasing employment rates and stabilizing prices to benefit Americans.

The first cut of this year brings the key interest rate down by a quarter percentage point.

The Federal Reserve says they do anticipate two more cuts by the end of the year.

Waco Economist Ray Perryman with the Perryman Group says the Federal Reserve is trying to balance their goals of growing employment without putting pressure on inflation.

“They are trying to hit a ‘Goldilocks’ moment here and balance those two things as best as they can and given the 4 months of weakened employment data, plus the downward revision of employment a week ago, its telling u

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