PBS News Hour

Fed cuts interest rates amid questions over independence

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.

Fed cuts interest rates amid questions over independence

7m 16s

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