Treasury Secretary Janet Yellen said that the Federal Reserve’s interest-rate cut Wednesday was “a very positive sign for where the US economy is,” reflecting progress in bringing down inflation and a determination to protect the job market.

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.In a separate speech on Thursday,

Having all but tamed inflation, the Federal Reserve is poised to do something today it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower