Fed is expected to cut rates
Digest more
The Fed's two-day meeting to set interest rate policy began Tuesday, following eleventh-hour determinations of voting members.
The Federal Reserve voted this week to cut interest rates by a quarter percentage point. We discuss the factors behind the agency’s decision, as well as President Trump’s legal fight to fire Fed Governor Lisa Cook.
Powell's remarks followed soon after the first Fed rate cut in nine months, which brought the central bank's rate down by a quarter-point.
The Federal Reserve is widely expected to announce its first interest rate cut since December 2024 after its two-day meeting wraps Sept. 17.