Federal reserve cuts: Interest rates lowered by quarter of a point

The US Federal Reserve has cut interest rates by a quarter of a point, just two days after the presidential election. Polls show that high inflation was a major factor in voters backing Donald Trump. The central bank’s efforts to lower inflation, stabilise employment, and avert a recession appear to be working – but the chair told reporters he knows Americans don’t agree. Al Jazeera’s Rosiland Jordan reports from Washington. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #FederalReserve #InterestRateCut #USEconomy #InflationControl #RecessionConcerns #DonaldTrump #EconomicPolicy #ElectionImpact #AlJazeeraEnglish