PANews reported on December 19 that the Federal Reserve announced its latest interest rate decision, cutting interest rates by 25 basis points as expected, and the target range of the federal funds rate fell to 4.25%-4.5%. The latest dot plot shows that: Two interest rate cuts are expected in 2025, while the September forecast was four.

According to the Fed statement, recent data show that economic activity has grown steadily, the labor market has eased, the unemployment rate has risen but is still low, and inflation is close to the target but slightly higher. The committee will continue to reduce the balance sheet, and the resolution was supported by most members. Beth Hammack voted against it and advocated maintaining the interest rate at 4.5%-4.75%. Powell said: "With today's actions, we have lowered the policy rate by a full percentage point from the peak, and our policy stance has now become much less restrictive. Therefore, we can be more cautious when considering further adjustments to the policy rate ." He said that more progress must be seen in inflation before further interest rate cuts will be made . The wording suggests that we are at or close to a moment of slowing down interest rate cuts .

Powell also stated at the press conference that we are not allowed to own Bitcoin and do not want to change the law.