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Jerome Powell: “We're 100 basis points lower than we were.”

Featuring: Jerome Powell, Republican | Chair of the Federal Reserve | National

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Jerome Powell Discusses U.S. Interest Rates, Tax Policy, and Inflation with Jim Banks

Published | Video Starts at 02:04

Inflation. Right. And as you know, many of them have been cutting their rates and we had been too. And we'll at some point resume that. But we're, We're 100 basis points lower than we were. I think the, if you take the EU and the bank of England, they've both cut a little more than that. How recently? Recently. (02:04–02:07)

CLAIM

Asserts that US interest rates are currently 100 basis points lower than they were previously.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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