Ecolab water for climate, less water, more growth.

Results will vary.

Learn more at Ecolab.com slash Ewc.

Ecolab water for climate, transforming the way the world thinks about water.

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

The Federal Reserve gets aggressive and cuts interest rates by 50 basis points on Wednesday,

surprising some in the market who had expected 25 points of cutting.

And the Fed signals another 150 basis point cuts in the next 15 months. What are the central bankers thinking and

doesn't mean the fight over inflation is over? Plus how would Donald Trump and

Kamala Harris handle the Federal Reserve differently if elected.

Would either of them reappoint Jay Powell as chairman?

Welcome, I'm Paul Geego here with the Potomac Watch podcast.

I'm the editor of the Wall Street Journal

editorial page and I'm here with two of my colleagues Mary Anastasia O'Grady

and Joe Sternberg both of whom follow monetary policy and the Fed and the economy.

Welcome to you both. Let's listen, for starters, to Jerome Powell, the Federal Reserve Chairman.

Speak to the press after the Federal Open Market Committee made its decision

to cut rates by 50 points.

Good afternoon.

My colleagues and I remain squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people.

Our economy is strong overall and has made significant progress toward our goals over the past two years

The labor market has cooled from its formerly overheated state

...