Fed Cuts Interest Rates For Third Time This Year

The video discusses recent changes in interest rates by central banks, with rates now between 1.5% and 1.75%. Fed Chairman Jerome Powell notes the cuts are due to faltering business investments, despite moderate economic growth and strong household spending. Business investment and exports remain weak, and manufacturing output has declined. This is the third rate cut since July, the first since the 2008 recession. Powell suggests rates may pause, as current policies seem appropriate.

What is the new range for the central bank's interest rates?

• 1.0% to 1.25%

• 1.5% to 1.75%

• 2.0% to 2.25%

• 2.5% to 2.75%

Which factor is NOT mentioned as a reason for the interest rate cut?

• Faltering business investments

• Declining manufacturing output

• Weak exports

• Strong household spending

What has been the trend in manufacturing output over the past year?

• It has increased significantly.

• It has remained stable.

• It has fluctuated unpredictably.

• It has declined.

How many times have interest rates been cut since July?

• Once

• Twice

• Three times

• Four times

What was the interest rate policy following the 2008 recession?

• Rates were unchanged.

• Rates were cut to negative values.

• Rates were held near zero.

• Rates were increased gradually.