PBS NewsHour

Why Trump attacked Fed after 1st interest rate cut in years

Clip: 07/31/2019 | 5m 32s Video has closed captioning.

The Federal Reserve cut a key short-term interest rate for the first time in a decade, lowering the federal funds rate a quarter point. It had raised that rate, which reflects what banks charge each other for loans, in December. But the news didn't satisfy Wall Street, where stocks fell significantly -- or President Trump. Judy Woodruff talks to the Brookings Institution's David Wessel.

Aired: 07/31/19

Rating: NR

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