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PBS News Hour

News Wrap: Fed cuts interest rates for 3rd time this year

In our news wrap Wednesday, the Federal Reserve cut short-term interest rates for the third time this year, in an expected bid to strengthen the economy. But Chair Jerome Powell signaled that further reductions are on hold amid an outlook for “moderate growth.” Also, in the impeachment inquiry, reaction to the Tuesday testimony of Army Lt. Col. Alexander Vindman broke mostly along party lines.
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