Why Trump attacked Fed after 1st interest rate cut in years
Clip: 7/31/2019 | 5m 32sVideo has Closed Captions
Why Trump attacked his Fed chair after 1st interest rate cut in years
The Federal Reserve cut a key short-term interest rate for the first time in a decade, lowering the federal funds rate a quarter point. It had raised that rate, which reflects what banks charge each other for loans, in December. But the news didn't satisfy Wall Street, where stocks fell significantly -- or President Trump. Judy Woodruff talks to the Brookings Institution's David Wessel.
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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...
Why Trump attacked Fed after 1st interest rate cut in years
Clip: 7/31/2019 | 5m 32sVideo has Closed Captions
The Federal Reserve cut a key short-term interest rate for the first time in a decade, lowering the federal funds rate a quarter point. It had raised that rate, which reflects what banks charge each other for loans, in December. But the news didn't satisfy Wall Street, where stocks fell significantly -- or President Trump. Judy Woodruff talks to the Brookings Institution's David Wessel.
Problems playing video? | Closed Captioning Feedback
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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...