In a move that surprised few, the US Federal Reserve has decided to lower interest rates by a quarter percentage point, marking the first rate cut in nearly a year. The decision brings the benchmark rate to a range of 4.00 to 4.25 percent. The central bank’s monetary policy committee voted overwhelmingly in favor of the cut, with only one dissenting vote from newly appointed governor Stephen Miran, a close ally of President Trump.
The decision to lower interest rates comes amid concerns about the health of the nation’s labor market, which has shown signs of slowing growth. The move is seen as a preemptive measure to stimulate economic activity and maintain the momentum of the ongoing recovery.
However, the rate cut has not been without controversy. President Trump has been vocal in his criticism of the Federal Reserve, accusing the central bank of not doing enough to support the economy. Trump’s attacks on the Fed’s independence have raised concerns about the politicization of monetary policy and its potential impact on the central bank’s credibility.
In a related development, Jerry Greenfield, co-founder of Ben & Jerry’s, has announced his resignation from the company, citing Unilever’s alleged suppression of the brand’s social activism. Greenfield’s departure underscores the growing tension between corporate interests and social responsibility in today’s business landscape.
Overall, the Federal Reserve’s decision to cut interest rates reflects a delicate balancing act between supporting economic growth and maintaining financial stability. The move is likely to have far-reaching implications for businesses, consumers, and investors alike, as they navigate an increasingly uncertain economic environment.
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References:
1. https://www.france24.com/en/tv-shows/business/20250918-us-federal-reserve-cuts-interest-rates-for-first-time-in-nine-months
2. https://www.nbcnews.com/business/economy/federal-reserve-interest-rates-decision-rcna231729
3. https://www.aljazeera.com/economy/2025/9/17/us-federal-reserve-cuts-interest-rates-for-the-first-time-since-december?traffic_source=rss
Political Bias Index: Neutral (Green)
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