CBS This Morning: Interest Rate Cut

Federal Reserve Bank leaders, working to prevent an economic slowdown, begin two days of meetings on Tuesday. Economists predict they will announce an interest rate cut of 25 basis points, or a quarter of a percent. It would be the second cut this year. I joined CBS This Morning to discuss how this could affect your bottom line.

VideoMark TalercioJill Schlesinger, Jill on Money, the Fed, Federal Reserve, Jerome Powell, interest rates