USA Today Episodes Around July 31, 2019
See what was published immediately before and after this episode.
44:53Now PlayingFederal Reserve Chair Jerome Powell holds news conference on interest rates | USA TODAY
Jul 31, 2019·5.1K views
July 31, 2019
5,083
48
5
1.04%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
44:53Now PlayingThe chair of the U.S. Federal Reserve holds a news conference on interest rates.
Borrowers have been taking it on the chin the past few years, with the Federal Reserve raising interest rates nine times since late 2015.
Now, the Fed is aiming to soften that blow.
An expected quarter-percentage-point rate cut by the Fed on Wednesday and the possibility of three more decreases within the next 12 months likely would trim rates and monthly payments on credit cards, home equity lines, adjustable-rate mortgages and auto loans.
The goal of the expected cut – the first in more than a decade – is to make borrowing less costly for consumers and businesses, encouraging spending and bolstering the economy.
Don’t expect a windfall, at least in the short term, because Wednesday’s move will merely reverse a fraction of the nine hikes over the past 3½ years, says Greg McBride, chief financial analyst at Bankrate.com, which offers advice and online tools to help people chose loans, credit cards and other financial products.
» Subscribe to USA TODAY
» Watch more on this and other topics from USA TODAY
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
#federalreserve #interestrates #jeromepowell
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
