Federal Reserve Chair Jerome Powell departs after speaking during a news conference following the November 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building, in Washington, DC, November 7, 2024. The US Federal Reserve shrugged off political uncertainty in Washington and moved ahead with a quarter-point rate cut Thursday, easing monetary policy further as inflation continues to cool. Policymakers voted unanimously to lower the central bank's key lending rate to between 4.50 percent and 4.75 percent, the Fed announced in a statement (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)