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After months of speculation and intense pressure by President Trump, Federal Reserve Chair Jerome Powell announced on Wednesday, Sept. 17, that the central bank would cut interest rates by 25 basis points.
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Fed Meeting Live Updates: Interest Rates and Economic News The New York TimesFed set to announce first rate cut in nine months as Trump continues to push for influence CNNFederal Reserve poised to cut interest rates NBC NewsFed expected to cut rates, update views of Trump economic plan with new projections Reuters
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House eyes Friday vote on stopgap as partisan tensions flare PoliticoGovernment shutdown fears intensify as Democrats stiffen resolve to block GOP spending bill CNNThe GOP cut parts of Obamacare. Now it's at the center of a funding fight. The Washington PostTrump Administration: Latest News and Updates The New York TimesGovernment shutdown odds go up after party leaders exchange fire
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The Fed is likely to lower interest rates by a quarter percentage point Wednesday in an effort to cushion the sagging job market. The move comes as policymakers face growing pressure from Trump.
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