Federal Reserve Chairman Jerome Powell announced on Wednesday that the Fed will reduce interest rates by 25 basis points—or 0.25%—to 4.25%.
This is the first interest rate reduction since December 2024, and it is only a 25 basis point cut.
Breaking: The Fed lowered rates by a quarter point, and officials penciled in cuts at each of two remaining meetings this year https://t.co/5W3WRYPWK9
— The Wall Street Journal (@WSJ) September 17, 2025
The Dow jumped 400 points after the Fed lowered rates and forecast two more cuts this year.
Dow jumps 400 points as Fed lowers rates and forecasts two more cuts this year: Live updates https://t.co/dVpQiHr56x
— CNBC (@CNBC) September 17, 2025
According to CNBC, Trump appointee Stephen Miran called for a 50 basis point reduction in interest rates in a lone dissent.
Miran was sworn in on Tuesday ahead of the FOMC meeting.
DEVELOPING…
The post BREAKING: Federal Reserve Cuts Interest Rates by 25 Basis Points – Trump Appointee Miran Called For 50 bps Cut in Lone Dissent appeared first on The Gateway Pundit.