EPISODE · Nov 7, 2024 · 7 MIN
Fed cuts interest rates amid questions over independence during next Trump administration
from Özel masallah podcast · host Sara Elfakhari
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. PBS News is supported by - https://www.pbs.org/newshour/about/funders
What this episode covers
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. PBS News is supported by - https://www.pbs.org/newshour/about/funders
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Fed cuts interest rates amid questions over independence during next Trump administration
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