Why Trump attacked his Fed chair after 1st interest rate cut in years




PBS NewsHour - Segments show

Summary: The Federal Reserve cut a key short-term interest rate for the first time in a decade, lowering the federal funds rate a quarter point. It had raised that rate, which reflects what banks charge each other for loans, in December. But the news didn't satisfy Wall Street, where stocks fell significantly -- or President Trump. Judy Woodruff talks to the Brookings Institution's David Wessel.