the reaction in asia so far has been mixed. Our north america business correspondent ritika gupta has the details. The federal reserve has delivered a super sized interest rate cut aimed at bolstering the us labour market. The 0. 5 percentage cut, the first in over four years, brings its key interest rate, the federal funds rate, down to between 4. 75 and 5%. It comes amid signs inflation in america is continuing to fall, while the job market remains strong, even as unemployment has risen this year. The labour market is actually in solid condition and our intention with our policy move today is to keep it there. You can say that about the whole economy. The us economy is in good shape, it s growing at a solid pace, inflation is coming down. The labour market is in a strong pace. We want to keep it there. In addition, the committee setting rates released its latest forecast which showed policymakers expecting to cut rates by a further 0. 5%. That would us interest rates below 4. 5% b
it turns out that ron desantis, florida governor popular, won by 20 points, who they thought was anti-trump in tone and substance, he sounds more america-first and first then ukraine for as long as it takes. earlier this week, desantis called ukraine a territorial dispute not dispute not in our national interest he slammed by his virtual blank check to ukraine and open-ended as long as it takes commitment without objective benchmarks for success. he noted that this war distracts from our many other challenges, and he rejected further escalation with long-range missiles or f-16s, because the nuclear risks he believes is unacceptable with russia. the pro-war coalition heard this and they went wild. now you might ve thought that desantis had pushed for, i don t know, russia to join nato as a reward for invading ukraine. the anti-woke guy ron desantis, his ideal is putin s russia, where there are no gay people or women in power, where there are no christians. that s how he
threatened to respond and dramatic ways of speaker pelosi does stop in taiwan. what is the white house saying? not much apparently. at least not publicly, griff jenkins joins us live from outside the white house with more, griff? nothing much at all. the president has been monitoring that trip while isolating in the residence here. the doctor releasing a new letter saying he isn t feeling well and maintaining a strict isolation measures. although he added this the president continues to be very conscientious to protect any of the executive residence. white house secret service and other staff whose duties require social distance proximity to him for the white house also telling us today, the present has six close contacts and none have tested positive for this after questions have been arising over how strictly he adhered to the cdc guidelines after insane unmasked several public appearances recently. this comes as tensions are rising with china with all eyes on a possible
threatened to respond and dramatic ways of speaker pelosi does stop in taiwan. what is the white house saying? not much apparently. at least not publicly, griff jenkins joins us live from outside the white house with more, griff? nothing much at all. the president has been monitoring that trip while isolating in the residence here. the doctor releasing a new letter saying he isn t feeling well and maintaining a strict isolation measures. although he added this the president continues to be very conscientious to protect any of the executive residence. white house secret service and other staff whose duties require social distance proximity to him for the white house also telling us today, the present has six close contacts and none have tested positive for this after questions have been arising over how strictly he adhered to the cdc guidelines after insane unmasked several public appearances recently. this comes as tensions are rising with china with all eyes on a possible