Fed Cuts Rate, Divides Committee
Update: 2025-12-10
Description
The Federal Reserve has cut its key interest rate by a quarter-point for the third consecutive time, signaling potential stability in rates. However, this decision may not align with President Trumps expectations of larger reductions. The Feds rate-setting committee suggests future cuts will depend on economic signs, with only one expected next year. The latest cut saw three dissenting votes, the most in six years, indicating deep disagreements within the committee. The upcoming December meeting could be contentious, with some officials favoring rate cuts to boost hiring and others preferring to maintain rates due to inflation concerns. Fed Chair Jerome Powell stated that the current rate neither restricts nor stimulates the economy, and an increase is not currently considered.
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