Lisa Abramowicz and Tom Keene break down Fed Chair Jerome Powell's comments to reporters after the Federal Reserved delivered its third consecutive interest rate cut. Two regional Fed presidents — Austan Goolsbee from Chicago and Jeff Schmid from Kansas City — dissented in favor of keeping rates unchanged and recent appointee Stephen Miran dissented in favor of a larger, half point cut. Powell told reporters that while inflation has eased, it remains 'somewhat elevated.' (Source: Bloomberg)