Fed Lowers Interest Rates but Powell Sows Doubt About December Cut

Greg Ip, WSJ's chief economics commentator, breaks down the recent Fed interest rate cut and Powell's uncertainty about future cuts. He highlights the internal divisions among Fed officials and the economic signals to watch. Alex Ward, a national security reporter, discusses the push for increased defense spending in Asia amidst regional threats, while Dylan Tokar explores a Senate proposal to raise deposit insurance limits, revealing unexpected alliances and the challenges it poses for larger banks. The conversation is a timely insight into economics and security policies.