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Fed cuts interest rates amid questions over independence

Fed cuts interest rates amid questions over independence during next Trump administration

11/07/2024

PBS News Hour

Fed cuts interest rates amid questions over independence

Clip: 11/7/2024 | 7m 16sVideo has Closed Captions

Fed cuts interest rates amid questions over independence during next Trump administration

The 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.

11/07/2024

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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