asbe/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify    This is an abridged transcript of the podcast: As widely expected, the Federal Open Market Committee reduced its benchmark interest rate by 25 basis points on Wednesday, its third straight cut, as the Federal Reserve's monetary policy arm sought to balance its dual mandate of full employment and price stability. It appeared to see the risk to employment as the more pressing issue. The policy easing brought the federa ...