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Fed Cuts Interest Rates To Prop Up The Slowing Economy

03:51
Federal Reserve Chairman Jerome Powell said the Fed cut rates to "help keep the U.S. economy strong in the face of some notable developments and to provide insurance against ongoing risks." (AFP/Getty Images)
Federal Reserve Chairman Jerome Powell said the Fed cut rates to "help keep the U.S. economy strong in the face of some notable developments and to provide insurance against ongoing risks." (AFP/Getty Images)

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