#PowellRemarks
Federal Reserve chairman Jerome Powell said that Federal Reserve unchanged the rate cut in fourth time. IT remains same as 4.25-4.50, as it was the when, Doland Trump sworn in as President of US. Powell said that world economy has been changing rapidly. He said that this not a right time for rate cut. He aslo said that it is not always affected on borrowing cost of mortgages, car loan, credit cards, business loans. US government has burdened of $5.1 trillion debts. If the rate has cut therefore govt has lost huge money. This global scenerio government has not afforded such kinds of loss. If the rate cuts happen IT worsen the situation. He also believed that next they looking forward to cut the interest rate or not.