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Federal Reserve slashes interest rates

Name: Federal Reserve slashes interest rates
Uploaded: 2020-03-03T11:02:42-0500
Duration: 5 min 56 s
Description: The Federal Reserve cut its benchmark interest rate by a half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Axios chief financial correspondent Felix Salmon joins CBSN with the details.

The Federal Reserve cut its benchmark interest rate by a half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. Axios chief financial correspondent Felix Salmon joins CBSN with the details.