Fed Gives Crumbs to Trump With 1/4- Percent Interest Rate Cut
'TOO LATE'
The president has been pushing Fed Chair Jerome Powell to cut interest rates for months.
Farrah Tomazin
Political Correspondent
Updated Sep. 17 2025 2:11PM EDT Published Sep. 17 2025 2:10PM EDT
Political Correspondent
Updated Sep. 17 2025 2:11PM EDT Published Sep. 17 2025 2:10PM EDT
The Federal Reserve cut interest rates for the first time this year, in a move driven by mounting evidence of a weakening job market that carries political risks for President Donald Trump.
After months of disappointing economic data, the central bank lowered its benchmark rate by a quarter of a percent on Wednesday—less than what the administration had hoped for.
The move comes after the latest annual revisions from the Bureau of Statistics showed that employers created 911,000 fewer jobs for the year to March than previously suggested, in a blow to Trump’s claim that the U.S. has the “hottest” economy in the world.
This story will be updated.
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