Powell Says Fed Rate Cut Is Insurance Against Ongoing Risks

The video discusses the Federal Reserve's commitment to maximum employment and stable prices, explaining the decision to lower interest rates to support the US economy amid global uncertainties. It highlights the strong performance of the US economy, driven by household spending, despite weakened business investment and exports due to global growth slowdown and trade policy tensions. The video also addresses geopolitical risks like Brexit and their impact on economic outlook, while maintaining a positive forecast for moderate economic expansion.

How has global growth affected the US economy according to the text?

What is the expected rate of economic expansion mentioned in the text?