BREAKING: Fed slices interest rates for second time this year

Share:

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



Subscribe With Email

Enter your email address to subscribe to MBFC and receive notifications of new posts by email.

Join 19,767 other subscribers


0 0 vote
Article Rating

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments