Fed Cuts Rates, Divided on Economy
Update: 2025-12-10
Description
The US Federal Reserve, facing a divided committee, cut interest rates for the third time this year, aiming to navigate the American economys uncertainties. The vote was nine to three, unusual for the typically unified committee. The Fed, led by Chair Jerome Powell, emphasized unity but showed hesitation in further rate cuts next year, potentially causing tension with the White House. The economy faces challenges like tariffs and labor force shifts, with incomplete data due to a recent government shutdown. Inflation and unemployment both slightly increased, putting the Fed in a delicate position. Next year, Powells term ends, and the President is considering nominees, with Kevin Hassett as a potential pick.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
