Fed lowers interest rates again but future cuts in question

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Fed lowers interest rates again but inflation concerns make future cuts uncertain

The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut wasn’t an easy decision because of higher inflation in recent months. Geoff Bennett discussed the decision with Nick Timiraos of The Wall Street Journal.

AIR DATE 12/18/24

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PBS NewsHour provides in-depth analysis of current events with a news summary, live studio interviews and discussions of domestic and international issues. Amna Nawaz and Geoff Bennett co-anchor.

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