Federal Reserve Cuts Interest Rates for First Time in 2025
Stephen Miran, the newest Fed governor, was the lone dissent.
Federal Reserve Chairman Jerome Powell after testifying before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 11, 2025. Madalina Vasiliu/The Epoch Times
The Federal Reserve cut interest rates for the first time this year following its two-day policy meeting that concluded on Sept. 17.
Members of the Federal Open Market Committee (FOMC) voted to reduce the benchmark federal funds rate by 25 basis points, setting the new target range at 4 percent to 4.25 percent.
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
