US Fed rate cut: Why it matters to Kenya, the world

Federal Reserve Chairman Jerome Powell arrives for a news conference following a two-day Federal Open Market Committee meeting in Washington DC on June 19, 2019. [File, Agencies]

The US Federal Reserve Bank recently cut the interest rate, a few weeks after the Central Bank of Kenya (CBK) did the same.

The old dictum that the government has no business in business is not supported by reality.

Unlock the Full Story — Join Thousands of Informed Kenyans Today
Get Trusted News for Only Ksh99 a Week

Subscribe Today & Save!

  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
Already a subscriber? Log in