A 50 BPS Rate Cut, Intel’s Lawsuit, & Boeing’s Strike 09/19/24

In a move that largely surprised economists, the Federal Reserve cut interest rates by half a percentage point, the first cut in four years. Former Fed Vice Chairman Roger Ferguson explains the possible reasoning behind the larger-than-expected cut. As Boeing’s strike continues, port workers on the east coast are threatening to strike as well. Transportation Secretary Pete Buttigieg weighs in on both worker plights, as well as the road ahead for electric vehicle infrastructure. The Anti-Defamation League has joined an employee’s discrimination lawsuit against Intel. CEO and National Director Jonathan Greenblatt explains how an Israeli employee who complained about anti-semitism at Intel ended up in a lower-paying job. 

Roger Ferguson - 4:33

Sec. Pete Buttigieg - 18:26

Jonathan Greenblatt - 32:22

In this episode:

Jonathan Greenblatt, @JGreenblattADL

Pete Buttigieg, @PeteButtigieg

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Katie Kramer, @Kramer_Katie