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 79% Trump reemerges to an entirely new race 5K 86% Pope Francis funeral begins 9K 92% Small business owner says tariffs pause was the ‘final nail in the coffin’ 4K 80% Jane Fonda gets candid about acting in her 80’s 9K 92% CNN pilot lets go of controls as plane attempts to land itself 8K 83% Ret. US general talks about the potential military impact of a four-day pause 3K 85% Debris from Elon Musk’s SpaceX launch remains, marking environmental concerns 7K 93% Why Chris Christie wants Donald Trump on Colorado ballot in 2024 Show more related videos