Federal Reserve cuts interest rate by a quarter percentage point

FOX Business’ Edward Lawrence on why the Federal Reserve lowered interest rates. Watch Fed Chair Jerome Powell’s press conference on the rate decision here:

FOX Business Network (

After two days of meetings and pressure from President Trump to lower interest rates, Federal Reserve Chair Jerome Powell will hold a press conference to announce the Fed’s decision to cut the rate by a quarter percentage point. This is the first time rates have been lowered in more than ten years.
FOX Business Network News video.


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