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Fed cuts interest rates amid questions over independence

Season 2024 Episode 313 | 7m 16s

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.

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