Susan Schmidt on Fed cutting interest rates for the first time since 2008: “This was a big decision, it’s different from where we have been.”

by: balthimer

Posted: Jul 31, 2019 / 07:06 PM CDT / Updated: Jul 31, 2019 / 07:01 PM CDT

A television monitor on the floor of the New York Stock Exchange headlines the rate decision of the Federal Reserve, Wednesday, July 31, 2019. The Federal Reserve is cutting its key interest rate for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade wars to chronically low inflation and a dim global outlook. (AP Photo/Richard Drew)

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Susan Schmidt, Head of US Equities at Aviva Investors joins The Roe Conn Show with Anna Davlantes to discuss the Federal Reserve’s decision to lower interest rates for the first time since the Great Recession in 2008, and what effect it will have on the markets.