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

Follow Blog via Email

Enter your email address to follow this blog and receive notifications of new posts by email.

Media Bias Fact Check LogoProtecting you from fake news sites since 2015

Leave a Reply

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

[the_ad id="86448"]