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This could push the headline unemployment rate down to 6.8%.
The reduction took the Fed's key rate down to 1.5%.
The Fed moves in 1989 brought the federal funds rate down to 8.25percentt.
It pioneered data-driven policing and helped bring the city's crime rate down to historic lows.
Those moves brought the Fed's benchmark overnight lending rate down to 3percentt.
This pulled the jobless rate down to 6.8%, from 7.1% last month.
That's probably not going to survive, you get that rate down to 25 percent.
The trend pushed the household savings rate down to 3.3 percent, the lowest in two years.
And if he goes two feet higher, that will bring the rate down to $3,500.
The main goal is to get the unemployment rate down to 6.5 percent or lower.
If that trend can be sustained, we'll eventually get the jobless rate down to zero.
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