Fed expected to cut interest rates

The U.S. Federal Reserve is expected to cut interest rates next week for the first time in more than four years. With inflation coming down, mortgage rates are also falling, cutting the cost of borrowing for consumers. Europe’s Central Bank has cut interest rates twice in the past three months as inflation dropped there.

Here & Now‘s Ali Velshi speaks with MSNBC anchor and economics correspondent Ali Velshi about what it means for the economic picture.

This article was originally published on WBUR.org.