NPR.

It is a

It is a big

It is a big day it is a big day for the US economy. As expected, Federal Reserve Chair Jerome Powell

announced that the Fed was lowering interest rates. The big question was,

would it be a shallow cut, a quarter percentage point, or a larger one?

Today the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by a half percentage point.

This is the first drop since 2020.

It's a symbolic withdrawal from the Fed's offensive on pandemic inflation.

We will have a lot more to say about the Fed

and what the soul means in the coming days.

For today and tomorrow, though,

we're going to look at something that could

shake the US economy even more over the next four years, the election of a new president.

This is the indicator from Planet Money. I'm in Darien Woods.

And I'm Whelan Wong. Over Over two days we're going to explain some key

ingredients in the presidential candidate's economic recipes. We'll speak to

policy people who agree with the spirit behind some of these economic policy positions.

Tomorrow come out of Harris but today Donald Trump. Support for this podcast and the following message come from Wise, the app that

makes managing your money in different currencies easy. With Wise you can

send and spend money internationally at the mid-market exchange rate,

no guesswork and no hidden fees.

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