@abcnews: Following the Fed's decision to cut interest rates for the second time this year, Federal Reserve Chair Jerome Powell acknowledged economic damage wrought by the government shutdown — but downplayed its enduring impact. "The shutdown of the federal government will weigh on economic activity while it persists," Powell said, "but these effects should reverse when the shutdown ends."

ABC News
ABC News
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Region: US
Wednesday 29 October 2025 21:49:01 GMT
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hassanthomas322
Hass :
I don't believe him.
2025-10-29 22:43:14
25
merydominguez801
Mery Dominguez Mongeotti :
democrats need to stop their nonsense and vote for reopening the government, they need 60 votes, 2 more democrats needed to reopen- but they or so damn selfish!! I will never vote Democrat again after their ridiculous behavior.
2025-10-30 14:54:05
3
crystalhersbella
crystalhersbella :
I don’t believe that
2025-11-02 11:41:31
0
derekhill06
Derek Hill :
Go trump
2025-11-02 23:20:43
0
beanieboy4751
micky19671Michael :
people won't be able to get to work until you pay them. soon government workers will have to que at food banks so won't be able to work
2025-10-29 21:54:22
9
cyn_7some
Cyn_7🇨🇦 :
While people not eating. Your gov set up is WILD
2025-10-29 21:54:20
88
brianbotts3
brianbotts3 :
Good 😊
2025-10-29 22:18:05
4
user24819362067251
Michael Scottsdale :
It seems like Powell is trying to reassure the public that the shutdown’s impact will be temporary. However, it's hard to ignore how much di
2025-10-29 21:53:34
7
bigkentucky09
Sam Kentucky :
I agree with Powell’s view. The shutdown might slow things for now, but the key is how fast recovery follows once it’s over.👍🏻
2025-10-29 22:28:16
8
tonybartoe
Tony Bartoe :
Im tired of this guy.
2025-10-30 19:56:00
7
maria.navarro8493
Maria Navarro :
open the government
2025-10-30 18:56:05
4
jessicatomlin8
Jessica Tomlin :
When well this end🙏
2025-10-30 16:14:50
5
debbieinman51
Shesaysit :
I am so glad he has stuck to his guns and tells the truth, while being berated by Trump.
2025-10-29 23:09:51
17
gus2garcia0
guatermelon.gus :
2 minutes is wild
2025-10-29 21:51:33
4
sara6851
Sara :
Because most of the lawmakers on both sides can’t do their jobs and open back up the government.
2025-10-30 17:26:23
0
shestwistedcocktails
She’s Twisted Cocktails :
This is shameful. You could see the shame in his face. He needs to get real, and he needs to say what he really wants to say because we already know what needs to be said and what needs to be done.
2025-10-29 23:04:12
15
jesseryan77
jesseryan77 :
I bet theyre still getting paid idk
2025-10-29 22:10:08
12
dd___214
🅳 :
2025-10-30 12:37:03
6
karenmarie373
Karen Marie :
Lower durn credit card interest .. the pandemic ruined us all 😢 Trump said 10% where is it??
2025-10-30 01:23:07
3
ana.karolin3
Alise 💕 :
It seems like Powell is trying to reassure the public that the shutdown’s impact will be temporary. However, it's hard to ignore how much disruption it causes in the short term, especially with the economy already facing other challenges.
2025-10-29 21:51:44
106
elliesketti
Sketti☆•☆• :
its funny. as a senior in economics, everything trumps done is stuff we learn not to do in beginner classes(some in later classes)
2025-10-30 20:25:16
6
rajakandhro2833
Raja Ali :
good
2025-10-30 10:04:26
0
crystalhersbella
crystalhersbella :
Great
2025-11-02 11:41:19
0
88unknown08
𖣂 :
Wow
2025-10-29 21:51:09
4
meridianuplink
Zeiphir :
The Federal Reserve isn't even a federal agency. There's no need for it to hold the control it does over our financial well-being. Dissolve it already, and return the power of the dollar back to the Treasury.
2025-10-30 19:26:01
0
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