Well savings day courage the virtues of the savings and thrift for households putting your money in the bank is it to say. This is d w business welcome the u. S. Federal reserve has cut Interest Rates for the 3rd time this year the central bank float the benchmark rate by a quarter of a percent a range between 1. 5 and 1. 75 percent for you chaplain Jerome Powell has been under pressure from President Trump to cut rates to 0 or even low up the fed told investors it would pause to reassess the economy before making further cuts. In his press conference after the announcement pollitz flame the thinking behind the decision its. We do not. Later we go to our financial correspondent in frankfurt instead it. Is stunning by the. Rate cut did versus think the fed is done cutting rates. And thats really are skeptical for now going into this meeting the real question wasnt if the fed was going to cut rates that was pretty much expected it was how is your own power going to talk about the future
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