The Federal Reserve cut its benchmark interest rate yesterday for the second time this year while saying it's prepared to continue doing what it deems necessary to sustain economic expansion. The Fed’s move reduces its benchmark rate by a quarter-point to a range of 1.75 to 2 percent.
WAMC’s Jim Levulis spoke with economist Hugh Johnson, founder of Hugh Johnson Advisors in Albany, about how the Fed views the state of the economy.