What effect will the Fed's interest rates cut have and what could happen next

By Leila Fadel

Published September 18, 2025 at 5:06 AM EDT

NPR talks with Stacey Vanek Smith, a reporter at Bloomberg, about the effect the Federal Reserve's decision to cut interest rates could have.

Leila Fadel

Leila Fadel is a host of Morning Edition, as well as NPR's morning news podcast Up First.