According to ChainCatcher, The Wall Street Journal commented on Powell's 50 basis point rate cut, saying that the Fed's goal is to repeat the masterpiece of former Fed Chairman Greenspan in the 1990s. The rate cut in 1995 laid the foundation for the subsequent soft landing of the US economy and the prosperity in the late 1990s.
WSJ: Powell aims to recreate Greenspan's masterpiece in the 1990s
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