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David Stockman called Trump an economic ignoramus. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down.
“The Federal Reserve announced Wednesday that it would cut interest rates for the first time since the 2008 financial crisis in a bid to protect the U.S. economy from a global downturn.
In a statement following a two-day meeting in Washington, the central bank’s Federal Open Markets Committee (FOMC) announced it would cut its baseline interest rate range to 2-2.25 percent, a 0.25 percentage-point cut.
The widely expected cut comes after Fed Chairman Jerome Powell and top bank officials suggested the bank would reduce borrowing costs as insurance against global headwinds and stagnant inflation.”
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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