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After months of speculation and intense pressure by President Trump, Federal Reserve Chair Jerome Powell announced on Wednesday, Sept. 17, that the central bank would cut interest rates by 25 basis points.
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Trump, Vance to headline Charlie Kirk memorial PoliticoA Note, a Gun and a Mother's Conscience Led to an Arrest in Kirk's Killing The New York TimesSee the text messages between Charlie Kirk shooting suspect and roommate CNNPresident Trump, JD Vance and others set to speak at Charlie Kirk memorial 10tv.com
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The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was "a challenging situation," the central bank chair said.
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