Ruhle: Trump 'got what he wanted' with Fed's interest rate cut

Interest Rate Policy - The Federal Reserve decided to cut interest rates by 0.25% [1] - The rate cut aims to stimulate the stock market and reduce borrowing costs [2] - The Fed's decision is primarily influenced by signs of a slowing US economy, not political pressure [3] Key Personnel - Steven Mirren, appointed by the president, favored even larger rate cuts [1] - Two Fed governors appointed in the president's first term agreed with the 0.25% cut [2] - Jay Powell's press conference indicated that his decisions are based on economic data [3] Economic Outlook - Economic data suggests a slowdown in the US economy [3]