Heavy snow and difficult travel expected again, heaviest snow in southern Minnesota

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The Federal Reserve recently cut its key interest rate for the first time since December 2023. 

The move marked a shift in monetary policy as the central bank responds to what Fed Chair Jerome Powell described as a “really cooling off” labor market, while continuing to monitor inflation.

MPR News guest host Catharine Richert and senior economics contributor Chris Farrell talk about the reasoning behind the Fed's decision and what the rate changes could eventually mean for your credit cards, mortgage, savings account or investments. 

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MPR News guest host Catharine Richert and senior economics contributor Chris Farrell talk about interest rates, inflation, the job market and what it all means for Minnesotans with Federal Reserve Bank of Minneapolis president and CEO Neel Kashkari.

Minneapolis Fed President Neel Kashkari on interest rates, jobs, prices and the future of the economy 

Minneapolis Fed President Neel Kashkari on interest rates, inflation, jobs and what's next

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