Fed makes final interest rate decision before Trump inauguration


Fed makes final interest rate decision ahead of Trump inauguration – CBS News


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The Federal Reserve cut interest rates for the third month in a row on Wednesday, cutting rates by a quarter of a percentage point. It was the Fed’s final rate decision before the inauguration of President-elect Donald Trump, who has long been a critic of Federal Reserve Chairman Jerome Powell. CBS News MoneyWatch Correspondent Kelly O’Grady joins in to break down the move.

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