This week marked a major milestone for the US economy. On Wednesday, the Federal Reserve cut interest rates by fifty basis points for the first time since 2020. Though this moment is charting a new path forward for the future in the fight against inflation, people on both sides of the aisle have their own opinions on what this means for the economy moving forward. What does this all mean and how does the presidential election come into play? We dive into it. In this week’s episode of Capitol Gains, anchor Rachelle Akuffo, Washington Correspondent Ben Wershkul, and senior columnist Rick Newman chat all things Fed. They are later joined by retired four-star Army Gen. Wesley Clark, to discuss foreign policy and its influence on the upcoming election and the economy. “I think the biggest impact is going to be what happens in the Middle East,” General Clark explains. “I think it could really change the election…” Later, Yahoo News reporter Andrew Romano drops by to give us the latest post-debate polling updates for the presidential election. Watch more episodes of Capitol Gains here. Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed. Thoughts? Questions? Fan mail? Email us at [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices