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 3K 69% Hegseth speaks to NATO allies about Trump’s plan for Russia and Ukraine 8K 90% Sean ‘Diddy’ Combs arrested in New York hotel 8K 96% Whelan says his detention was ‘absolute nonsense by the Russian government’ 5K 95% Karen Read’s father speaks to CNN about daughter’s trial 9K 96% Inside Biden’s Decision 4K 89% White House ramps up pressure on Republicans to stop Epstein vote 3K 89% Dodgers fans celebrate World Series win 2K 87% Palestinian prime minister and government resign Show more related videos