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Fed makes final interest rate decision before Trump inauguration
Posted
December 18, 2024
Views
3,380
Likes
26
Comments
14
Engagement
1.18%
December 18, 2024
3,380
26
14
1.18%
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3:28Now PlayingThe Federal Reserve cut interest rates Wednesday for the third consecutive month, slashing rates by a quarter percentage point. It was the Fed's final rate decision before the inauguration of President-elect Donald Trump, who has been a longtime critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch correspondent Kelly O'Grady joins to break down the move.
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