Chair Jerome Powell and other officials had held rates steady this year while assessing the impact of tariffs, immigration policies.

The Fed's interest rate cut marks the long-awaited pivot that Trump and others in the administration have been pushing for.

The Federal Reserve on Wednesday might make its first rate cut of the year, which most economists believe will be a quarter of a percentage point.

Treasury Secretary Scott Bessent has come under scrutiny over home-loan filings similar to the discrepancies being used by the Trump administration to fire Federal Reserve Governor Lisa Cook. Weeks after he reportedly threatened to punch top housing finance official Bill Pulte “in the f—---- face”,

The US Federal Reserve has reduced interest rates by a quarter of a percentage point, marking the first cut to rates all year.

Who should control America’s money supply: the experts, or elected representatives of the people? President Donald Trump has made moves to influence the central bank, but experts said that could cause issues.