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Consumers Seek Answers as Economy Falters

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The Federal Reserve has reduced a key interest rate for the second time in just over a week, cutting its federal funds rate by a half point to 3 percent. What does this mean for the consumer?

Callers share their questions and concerns about the country's precarious economic situation. Economic experts discuss how the Fed's actions affect credit card debt, mortgages and the dollar abroad.

Guests:

Russell Roberts, professor of economics at George Mason University

Elizabeth Razzi, real estate columnist for The Washington Post

Robert Shiller, author of Irrational Exuberance and professor of economics at Yale University

Copyright 2023 NPR. To see more, visit https://www.npr.org.