Fed Decides to Cut Rates by Quarter Point and Signals Potential for More
The Federal Reserve reduced interest rates for the first time since the financial crisis and hinted it may cut again this year to insulate the record-long U.S. economic expansion from slowing global growth. Discussing the news is Bloomberg Radio's Lisa Abrammowicz, Ali Wolf, Economist at Meyers Research, Ira Jersey, Bloomberg Intelligence Chief U.S. Interest Rate Strategist, Jeffrey Cleveland, Chief Economist at Payden a Rygel, Bloomberg News Bond Reporter Alex Harris and Steve Blitz, Chief U.S. Economist at TS Lombard. And finally we Drive to the Close with Randy Watts, Chief Investment Strategist William O'Neil a Co. Hosts: Jason Kelly and Taylor Riggs. Producer: Paul Brennan