Breaking news: The Fed cut rates by a quarter point, signaling more reductions to come
Internal divisions have emerged at the central bank over the outlook for the economy.
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The New York Times

Sep. 17, 2025, 2:38 p.m. ET

BREAKING NEWS

Karl Russell

Fed Cuts Interest Rates for First Time This Year

The Federal Reserve lowered rates by a quarter point, but Stephen Miran, a Trump appointee who joined the board this week, voted for a bigger cut. Internal divisions have emerged at the central bank over the outlook for the economy.

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