1A

Smarten Up About The Economy

07.30.2019 - By NPRPlay

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"The Federal Reserve is like a bank's bank," New York Times reporter Jeanna Smialek explained. "It has all these relationships with banks around the country, and they set interest rates."

Smialek and Mark Goldwein of the Committee for a Responsible Federal Budget helped demystify what an interest rate cut would mean for you.

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