US Fed's Powell Delivers Rate Cut Again As Trump Pushes For More | Firstpost Live | N18G
The U.S. Federal Reserve on Wednesday cut its key lending rate by 0.25 percentage points to a range of 3.50–3.75%, the lowest level in three years. The move aims to make borrowing cheaper, boost spending, and support jobs, but it exposed internal Fed divisions between hawks and doves. Fed Chair Jerome Powell cited challenges of balancing inflation and a softening labor market, blaming tariffs for rising prices. Global markets reacted sharply, with U.S. stocks surging while many Asian markets fell. Analysts noted the job market remains resilient, questioning the need for the cut. The next Fed decision is set for January.---
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