Fed cuts interest rates amid questions over independence during next Trump administration
November 7, 2024
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7:17Now PlayingFed cuts interest rates amid questions over independence during next Trump administration
YouTube Description
as posted by the channelThe Federal Reserve cut its prime lending rate again, this time by a quarter point. The economy, higher costs of living and high housing prices directly affected by these rates are a big reason Donald Trump won the election. The president-elect has often been critical of Federal Reserve Chair Jay Powell. Geoff Bennett discussed more with Jeanna Smialek of The New York Times.
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