Fed Just Cut Interest Rates - Here’s What It Means!

The bigger-than-expected cut in interest rates by the United States Federal Reserve may have sent the stock market cheering, but its impact on the economy, and the upcoming presidential election, is mixed, experts say. The US Fed on Wednesday cut the benchmark federal funds rate by half a percentage point to the 4.75 percent to 5 percent range “in light of the progress on inflation and the balance of risks”, the rate-setting committee said in a statement. Jimmy and Colonial Metals’ Paul Stone discuss the upside and downside to the Fed’s rate cut and why it’s far from a panacea for what ails the U.S. economy. Paul Stone on Twitter: https://twitter.com/colonialmetals Go to http://colonialmetalsgroup.com/jimmy-dore-show/ or call 888-910-1419 and you’ll receive a safe and up to $10,000 in free silver. Become a Premium Member: https://www.jimmydore.com/premium-membership Go to a Live Show: https://www.jimmydore.com/tour Subscribe to Our Newsletter: https://mailchi.mp/jimmydorecomedy/ytlivestreams LIVESTREAM & LIVE SHOW ANNOUNCEMENTS: Email: https://mailchi.mp/jimmydorecomedy/ytlivestreams Twitter: https://twitter.com/jimmy_dore Facebook: https://www.facebook.com/JimmyDoreShow Instagram: https://www.instagram.com/thejimmydoreshow WATCH / LISTEN FREE: Videos: https://www.jimmydore.com Podcasts: https://www.jimmydore.com (Also available on iTunes, Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast player.) ACCESS TO FULL REPLAYABLE LIVESTREAMS: Become a Premium Member: https://www.jimmydore.com/premium-membership SUPPORT THE JIMMY DORE SHOW: Make a Donation: https://www.jimmydore.com/ Buy Official Merch (Tees, Sweatshirts, Hats, Bags): https://the-jimmy-dore-show.creator-spring.com/? DOWNLOAD OUR MOBILE APP: App Store: https://apps.apple.com/us/app/jimmy-dore/id839294547 Google Play: https://play.google.com/store/apps/details?id=com.jimmydore.jimmydore Jimmy Dore on Twitter: https://twitter.com/Jimmy_Dore Stef Zamorano on Twitter: https://twitter.com/miserablelib About The Jimmy Dore Show: #TheJimmyDoreShow is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. The show is also broadcast on Pacifica Radio Network stations throughout the country.