Fed Reserve cuts interest rates
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The Fed trimmed its benchmark interest rate by a quarter percentage point on Wednesday, its first reduction of 2025.
In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.
President Donald Trump has asked the Supreme Court to allow him to fire Federal Reserve board member Lisa Cook, setting up a test of the president’s ability to take control of the powerful interest-rate setting body.
The Federal Reserve cut interest rates Wednesday, moving to bolster a weakening job market even as inflation remains elevated. NewsNation’s Alicia Nieves reports on the markets' reaction. #FederalRese
Federal Reserve Chair Jerome Powell spoke to reporters after the central bank cut interest rates by a quarter point, following a two-day monetary policy meeting.