Federal Reserve signals cooling inflation with CEO Dewey D. Steffen of GLW

The Federal Reserve has cut its prime rate by half a percentage point for the first time since 2020, a move that will lower costs for mortgages and auto loans, significantly impacting Americans trying to make ends meet. Experts suggest this decision could influence the upcoming election and indicates that inflation, a major concern since the pandemic, is finally easing. CEO & Chief Investment Officer, Dewey D. Steffen is live in studio with WDIV Local 4 to discuss more!