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The Federal Reserve lowered its benchmark interest rate by a half-point, the largest cut since 2008, in a move to offset the impact of the coronavirus on the U.S. economy. To help explain it all, we're joined via telephone by Mohamed El-Erian, Chief Economic Adviser to Allianz.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.