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Federal Reserve cuts interest rates for first time since 2008

Name: Federal Reserve cuts interest rates for first time since 2008
Uploaded: 2019-08-01T07:28:21-0400
Duration: 3 min 44 s
Description: The Federal Reserve lowered interest rates by a quarter point for the first time in more than a decade. The aim is to bolster the U.S. economy amid early signs of a global slowdown. CBS News business analyst Jill Schlesinger joins CBSN to explain how the central bank's move impacts you.

The Federal Reserve lowered interest rates by a quarter point for the first time in more than a decade. The aim is to bolster the U.S. economy amid early signs of a global slowdown. CBS News business analyst Jill Schlesinger joins CBSN to explain how the central bank's move impacts you.