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What Fed’s 2nd interest rate cut in 3 months says about the U.S. economy

The Federal Reserve has cut interest rates for the second time in three months in a bid to keep the U.S. economy growing. What indicators are driving the recent rate reductions, and what is the larger influence of economists on U.S. fiscal and monetary policy? Judy Woodruff sits down with Binyamin Appelbaum of The New York Times, author of “The Economists’ Hour,” to discuss growth vs. inequality.

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