'The Federal Reserve lowered interest rates by a quarter of a percentage point on Wednesday

[elleng]

as officials signaled that two more cuts could follow this year in light of rising risks confronting the labor market.

((I assume y'all know this.))

The decision to lower borrowing costs for the first time since December shifts interest rates to a range of 4 to 4.25 percent. The decision was not unanimously supported, the second straight meeting that featured at least one dissent from a member of the Board of Governors.

Stephen Miran, President Trump’s pick to join the Fed who was sworn in just minutes before the start of the central bank’s two-day meeting on Tuesday, voted in favor of a half-point reduction.

The decision to cut is a turning point for the central bank, whose officials have been locked in an intense debate about the right time to provide some relief to borrowers when its goals of low, stable inflation and a healthy labor market are in tension. It also comes as Mr. Trump has intensified his pressure campaign against the institution, which has included an attempt to oust a sitting governor.'

https://www.nytimes.com/2025/09/17/business/economy/fed-rate-cut-powell.html