US Federal Reserve looks committed to lowering interest rates to a more neutral position: Economist

The United States Federal Reserve cut its key lending rate by 50 basis points, or half a percentage point, on Wednesday (Sep 18) in its first reduction since the COVID-19 pandemic. William Lee, chief economist at think tank Milken Institute, believes the Fed has enough evidence that inflation is moderating sustainably and is ready to cut interest rates at a gradual pace. He shares his views with CNA's Asia Now on the sidelines of the Milken Institute's Asia Summit. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia