Dem Rep. Smith on Stock Market: Fed Should Cut Rates, 'Inflation Is Down Pretty Close to Zero'

On Monday's broadcast of "CNN News Central," Rep. Adam Smith (D-WA) responded to the tumble in the stock market by stating that the Federal Reserve needs to cut interest rates and "inflation is down pretty close to zero. And now, you have opposite pressures on the market and I think the Fed should respond and I think they will respond."