Federal Reserve cuts interest rates by 0.25%
NBC Newsยท2025-09-17 20:50
The central bank has just voted to cut interest rates by a quarter percentage point. This is the first rate cut since December of last year. This is also the first interest rate decision involving President Trump's new pick for Fed Governor Steven Myron.He has taken a temporary leave from his regular post at the White House. Some economists have raised concerns over what this unusual move means for the independence of the central bank. Let's get right to NBC News business and data correspondent Brian Chung. ...