NPR logo

Fed - Rate Cut

  • Download
  • <iframe src="https://www.npr.org/player/embed/1127750/127750" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Fed - Rate Cut

Fed - Rate Cut

Fed - Rate Cut

  • Download
  • <iframe src="https://www.npr.org/player/embed/1127750/127750" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Federal Reserve Board cited continued weakness in the U.S. economy as it trimmed a key interest rate by a quarter of a percentage point today. Striving to prevent a recession, Fed policymakers have cut interest rates seven times this year. The Fed also signaled it is prepared to do more to bolster the economy. NPR's Jim Zarroli reports.