Fed Makes First Rate Cut Since 2020 | Balance of Power

"Balance of Power" focuses on the intersection of politics and global business. On the show today, Jennifer Harris, International Economist and Former Senior Director for the National Security Council & National Economic Council, weighs in on whether or not the Federal Reserve is too late on their 50 basis-point rate cut in regards to the job market. Terry Haines, Pangaea Policy Founder, discusses the political reaction from the Federal Reserve cutting interest rates by 50 basis-points and states that this Fed is not politicized. Chapters: 00:00:00 - Balance of Power Begins 00:01:55 - Bloomberg’s Michael McKee on Federal Reserve Cutting Rates by 50 Basis-points 00:04:16 - Bloomberg’s Julie Fine on the Political Reaction Following the Fed Rate Cut 00:08:13 - Bloomberg Mike Dorning on Congressing Fighting to Avoid Shutdown 00:11:10 - Jennifer Harris, Fmr. Senior Director for the National Security Council & National Economic Council, on Rate Cut & Job Market 00:20:31 - Bloomberg’s Michael Shepard on Walkie-talkies Blow up in Lebanon 00:24:20 - Terry Haines, Pangea Policy Founder, on Rate Cut Decision, Fed Not Politicized 00:32:49 - Political Panel on Quinnipiac Poll Showing Harris Leads Trump in PA 00:41:44 - Political Panel on Congress Racing to Avoid Government Shutdown -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts