PBS News Hour

Fed chair says ‘time has come’ to cut interest rates

Financial markets rallied Friday after Fed Chairman Jerome Powell said that it’s time to start cutting interest rates. The question now is by how much, and how quickly fed policymakers will act. Powell said inflation is low enough and that the bigger threat to the economy is now a weakening jobs market. John Yang speaks with Rachel Siegel, who covers the Fed for The Washington Post, for more.

Fed chair says ‘time has come’ to cut interest rates

6m 59s

  • November 21, 2024 - PBS News Hour full episode: asset-mezzanine-16x9

    November 21, 2024 - PBS News Hour full episode

    S2024 E327 - 56m 41s

    Thursday on the News Hour, Matt Gaetz drops his bid to serve as Trump's attorney general after failing to quell concerns about sex trafficking allegations. The International Criminal Court issues arrest warrants for Israel's prime minister, its former defense minister and Hamas' military chief for crimes committed in Gaza. Plus, Sen. Sherrod Brown discusses the future of the Democratic Party.

WETA Passport

Stream tens of thousands of hours of your PBS and local favorites with WETA Passport whenever and wherever you want. Catch up on a single episode or binge-watch full seasons before they air on TV.