Why the Fed Cut Rates in October

On Wednesday, the US Federal Reserve cut interest rates by 25 basis points, following its 25-basis-point cut in September. But amid a government shutdown limiting key data and questions about who will succeed Chair Jerome Powell, what comes next is anyone’s guess.

On today’s Big Take podcast, Bloomberg reporters Amara Omeokwe and Enda Curran join host David Gura to break down the path forward for the central bank: from the shutdown’s impact on its decision-making to the leading contenders for Powell’s position when his term ends in May.

Read more:

Powell Says December Rate Cut ‘Far From’ Forgone Conclusion

Here Are the Five Contenders to Replace Powell as Fed Chair

The Economic Data Lost in a Shutdown

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