Federal Reserve cuts interest rates a quarter point; Chair Powell says another rate cut in December is 'not a foregone conclusion'

Federal Reserve cuts interest rates by a quarter point for the second time this year, but Fed Chair Powell says another rate cut in December is not a foregone conclusion given concerns about the job market. We hear from the Fed chair and talk with Reuters Federal Reserve Correspondent Howard Schneider (5); Federal government shutdown is now at Day 29. Senate Democrats try and fail over Republican objections to pass a bill to extend funding only for the federal food aid program SNAP; Senate votes with the support of five Republicans to overturn President Donald Trump's emergency declaration to impose 50 percent tariffs on Brazil; President Trump promotes U.S. & Southeast Asia investment and development at a CEO's luncheon at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea and previews his meeting with Chinese leader Xi Jinping; Food & Drug Administration says it is looking to reduce the number of human clinical studies required for approval of certain biosimilar drugs to speed approval and reduce costs; Senate Veterans Affairs Committee holds a hearing on allegations of fraud in the VA disability benefits program; Sen. Chuck Grassley (R-IA), Judiciary Committee chair, talks about the news that many more Republicans were targeted in the Biden Justice Department's "Arctic Frost" investigation after the January 6, 2021 attack on the U.S. Capitol.

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