In one of its final decisions for the year, the United States Federal Reserve announced its cutting interest rates by a quarter-point. This is the third time the central bank has taken action to lower inflation despite describing the U.S. economy as strong.

Joining the discussion:

• John Gong is a Professor of Economics at the University of International Business and Economics in Beijing.
• Yan Liang is a Chair Professor of Economics at Willamette University.
• Klisman Murati is the Founder of Pareto Economics and creator of the Global Power Index.
• Anthony Chan is the former Chief Economist for JP Morgan Chase and Company.

Fed Chair Powell announces the Fed has cut interest rates by .25%, down to 4.25%. This was the third interest rate cut for the year.

Full video here: https://t.co/rffH2EsIo4 pic.twitter.com/2kJCiFjQhI

— CSPAN (@cspan) December 18, 2024

Inflation in Germany remained above average at 2.4%, while the lowest annual rates were registered in Ireland, Lithuania and Luxembourg. https://t.co/canxKGFvVd

— DW News (@dwnews) December 18, 2024