The Federal Reserve on Wednesday cut interest rates by a quarter point, signaling further reductions at its remaining two meetings this year, after President Trump continued urging the central bank to loosen monetary policy.
Trump has repeatedly criticized the Fed for keeping rates too high, arguing that lower borrowing costs would boost investment, jobs, and consumer spending.
The decision follows weeks of public statements from the White House, in which the president emphasized that “the Fed must act” to prevent economic slowdown.
