Fed Cuts Interest Rates for First Time Since 2008 Crisis

The Federal Reserve cut interest rates
for the first time in more than a decade on Wednesday as it attempted to
guard the record-long economic expansion against mounting global risks. The
widely expected quarter-point move, the Fed’s first since it cut rates
to near zero in 2008, is meant to protect the economy against the
potentially harmful effects of a growth slowdown in China and Europe and
uncertainty from President Trump’s trade war.

Publisher: NYTimes | Author: Jeanna Smialek

TAGS
campaign promises, economy, federal reserve, governance, recession, tariffs, and trade policy
DATE PUBLISHED
2019-08-01 (Modified: 2019-08-01)

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https://www.nytimes.com/2019/07/31/business/economy/federal-reserve-interest-rate-cut.html?action=click&module=Top%20Stories&pgtype=Homepage

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