The Federal Reserve cut its benchmark lending rate by one-quarter of a point on Wednesday, marking the second time this year it has reduced rates in the face of a weakening global economy.
While President Donald Trump has repeatedly pushed for interest rates of “ZERO or less” — a move he believes will boost the economy and drive the stock market higher — Fed Chairman Jerome Powell has resisted bowing to political rhetoric, focusing instead on sheltering the U.S. from a global economic slowdown.
Full Story @ NBC News
Left vs. Right Bias: How we rate the bias of media sources
The Latest from MBFC Bias and Fact Checks - Media News
- The Latest Fact Checks curated by Media Bias Fact Check 07/02/2022by Media Bias/Fact Check on July 2, 2022 at 10:30 am
- Daily Source Bias Check: Black America Webby Media Bias/Fact Check on July 2, 2022 at 8:00 am
- The Latest Fact Checks curated by Media Bias Fact Check 07/01/2022by Media Bias/Fact Check on July 1, 2022 at 10:30 am
- Daily Source Bias Check: WFMZby Media Bias/Fact Check on July 1, 2022 at 8:00 am
- The Latest Fact Checks curated by Media Bias Fact Check 06/30/2022by Media Bias/Fact Check on June 30, 2022 at 10:30 am
- Daily Source Bias Check: NaturalPediaby Media Bias/Fact Check on June 30, 2022 at 10:30 am
Be the first to comment on "BREAKING: Fed slices interest rates for second time this year"