Fed cuts interest rates for 2nd time this year, but rejects large reduction sought by Trump
Fed Cuts Rates 25 bps for 2nd Time in 2025: Rejects Trump’s Aggressive Demands Amid Shutdown Data Blackout **Jerome Powell just handed President Trump a *partial victory*—slashing the *federal funds rate* by 25 basis points to 3.75%-4%—but snubbed calls for massive cuts, warning a December move “not a foregone conclusion” as inflation lingers at 3% … Read more