The Federal Reserve cut interest rates by 25 basis points on Thursday.
AdvertisementAnother interest-rate cut is headed Americans' way.
On Thursday, the Federal Open Market Committee announced a 25-basis-point interest-rate cut after a 50-basis-point cut in September.
AdvertisementGiven the lag in monetary policy, the interest-rate cuts won't give Americans immediate relief on their credit cards, housing, or car loans.
Still, some Democratic lawmakers urged the Fed to implement another 50-basis-point cut to give Americans more financial relief.
Persons:
—, Donald Trump, Trump, Matthew Ryan, Jerome Powell, Milton, Helene —, Elizabeth Warren, John Hickenlooper, Powell
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