This chapter examines the Federal Reserve's recent decision to cut interest rates and its potential political implications during an election year. The speakers discuss how this decision may provoke reactions from both sides of the political spectrum, highlighting the tension between the Fed's independence and the political scrutiny it may face.
The first reduction in interest rates for four years shows America’s Federal Reserve thinks inflation is now in check. But does the central bank’s decision suggest it is now concerned about the labour market? Ukraine wants its allies to provide long-range missiles (9:50). Our correspondent explains what difference these would make to the war. And how fashion brands conquered TV (19:44).
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