Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared to the 25 basis point reduction for the benchmark funds rate.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.The Fedread more
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more this year.The Fedread more
The Fed has become increasingly divided with three officials voting against the Fed's quarter point cut to the fed funds target rate range.Market Insiderread more
Stocks traded lower on Wednesday as traders digested the Federal Reserve's latest decision on U.S. monetary policy.US Marketsread more
For consumers, lower rates do mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car payment. n the flip side, you'll earn...Personal Financeread more
Gold edged lower on Wednesday but held about the key $1,500 per ounce level after the U.S. Federal Reserve decided to cut interest rates.Futures & Commoditiesread more
As the Federal Reserve lowers rates, some banks are pulling back their offerings on their savings accounts and certificates of deposit. Even so, they are still pretty good by...Personal Financeread more
WHEN: Today, Thursday, March 12
WHERE: CNBC.com. - http://www.cnbc.com/id/102495458
Who is Bobby Jindal? The former Rhodes Scholar burst onto the political scene as a 24-year-old health care whiz kid and hasn't slowed down – member of Congress at 33, Louisiana governor at 36, now at 43 the youngest potential Republican presidential candidate. But lately he's drawing headlines as the most aggressive conservative in the field – opposing gay marriage, refusing to endorse the theory of evolution, insisting Muslims have created "no-go zones" in Europe, embracing Rudy Giuliani after the ex-New York City mayor questioned President Obama's love of country. CNBC's Chief Washington correspondent John Harwood sits down with Jindal to talk about ambition, Islamic extremism, and the timidity he sees in some fellow Republicans.
Some highlights from the video:
-On skepticism toward his brand of Ivy League-educated conservatism: "I think this goes back to the arrogance of the left and the folks that say you either can be smart or conservative, you can't be both….The social pressure is certainly in the other direction..."
On fellow Republicans who question his moves to the right: "It's not just the president, it's not just the liberal media – there are some folks like that in our party that as soon as they get to DC, they give up trying to fight for their principles."
-On his controversial claim that Europe has Muslim "No-Go" zones: "..There are specific areas, there are neighborhoods and people in Europe will tell you this… and it has been very well documented by a number of people…what's important if we are not careful, if we do not insist on assimilation and integration, if we do not insist on people who want to come to America should want to be Americans, we will develop those same kind of areas in our country."
-On his flop responding to President Obama's State of the Union address: "I think I just got in my head that too many people are trying to tell me you've got to talk like this, you've got to slow down, you've got to be that…that is not who I am."
-On if he is running for president: "Thinking about it, we are praying about it."
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