Jim has spent 35 years as a journalist and analyst involved with the stock, financial, currency and commodity markets. He was a markets reporter on the trading floors at the Chicago futures exchanges for the FWN newswire service, including a later stint as managing editor. He received his degree from Iowa State University in Ames, Iowa, where he studied journalism and economics.
Downside risks have increased, but easier monetary policy should improve prospects for the U.S., members noted.
Two members pushed for a larger rate cut.
This was its first rate cut in 11 years.
A strong jobs report Friday could shift the Fed's current dovish stance.
The greenback sold off in response.
Most districts reported slight to moderate economic growth.
Fed says it will exercise "patience" on future interest rate hikes.
The Fed indicated it may move interest rates into a "restrictive" mode for a while.