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What to expect as Federal Reserve kicks off meetings

By Home - CBSNews.com Jul 29, 2025 | 1:19 PM

The Federal Reserve is kicking off meetings as a decision over interest rates is expected. President Trump has urged Fed chair Jerome Powell to apply a cut. CBS News MoneyWatch correspondent Kelly O’Grady has the latest.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM