Federal Reserve board members would not be able to hold dual positions appointed by the president if U.S. Sen. Ruben Gallego’s new bill becomes law. Gallego, D-Arizona, this week introduced the Fed Integrity and Independent Act,

Experts and politicians debate what the Federal Reserve should do to unfreeze the housing market and help buyers and sellers save more money and their spending power.

The Fed’s nearly-unanimous decision to reduce its key interest rate was seen by many as a quiet show of unity.

The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy.

The Federal Open Market Committee (FOMC) lowered the federal funds rate to 4.00%-4.25% amid elevated economic uncertainty. Click here to read my analysis.

Jamie Dimon made a surprise visit to the US Capitol on Wednesday, where he discussed economic growth and the Federal Reserve with Senate Republicans just as the central bank was preparing to release its latest rate decision.

The U.S. central bank is widely expected to cut interest rates for the first time this year, despite the economy sending mixed signals.