A divided Fed reduces rates but may not cut again this year

Sep 18, 2019
The modest cut — to a range of 1.75% to 2% — irritates Trump, who has insisted on more aggressive action.
Jerome Powell, chair of the Federal Reserve's board of governors, speaks during a conference at the Federal Reserve Bank of Chicago in June.
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Mississippi business owner celebrates rate cut

Aug 1, 2019
Kai Ryssdal checked in with Austin Golding, a small business owner in Mississippi.
Floodwaters in Vicksburg, Mississippi back in 2011.
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The first rate cut in over 10 years: what a difference a decade makes

Jul 31, 2019
A global economic meltdown caused the last rate cuts. Today, the economy is far from that point.
Newspapers at a newsstand on Sept. 16, 2008, in New York City, at the height of the Great Recession.
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Behind the scenes at the Fed

Kai Ryssdal spoke with a former Fed governor about what it's like to be in the room when the FOMC makes a major decision.
The Federal Reserve building in Washington, D.C., in 2008.
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Fed cuts key rate in its first reduction in more than decade

Jul 31, 2019
The Federal Reserve announced today that it has cut interest rates, causing stocks to fall slightly.
Federal Reserve Board Chairman Jerome Powell speaks at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, in January 2019.
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How much influence does the market have on the Fed's rate decision?

Jul 11, 2019
Markets are ready for a cut. And that might be coming — but not just because of the markets.
The New York Stock Exchange as seen in December 2018 in Downtown Manhattan.
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