1 Aug 2019

US Fed Reserve cuts rates for first time since financial crisis

From Morning Report, 7:51 am on 1 August 2019

The US Federal Reserve has cut interest rates for the first time in a decade.

Rates have been cut by a quarter of a percent.

The decision was expected and comes after repeated attacks by President Donald Trump demanding the Fed reduce rates to help the economy.

Our correspondent Nick Harper is on the line.