Close Advertising Fed cuts rates for first time since 2020 Like About Share0 views0% 0 0Federal Reserve chair Jermoe Powell announced that interest rates would be cut by half a percentage point. CNN’s Matt Egan explains what this means for borrowers. Date: September 19, 2024CNN Chair federal Reserve Related videos 8K 94% ‘The Last of Us’ Star Kaitlyn Dever on Killing [Spoiler Alert] in the Show 5K 87% How George Floyd’s family is keeping his story alive 3K 97% Blackwell says bring attention back to Usher 5K 92% The Financial Reality Behind Campus Calls to Divest 4K 87% ‘Shame the way they’re treating him’: Hear what Trump said about Biden 7K 93% ‘Know of no threat’ related to mysterious drone sightings, Homeland Security says 9K 94% See freed Americans step on US soil for the first time 7K 91% Some top Democrats tell CNN they want Biden out of the race this week Show more related videos