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Fed cuts interest rate target, but future uncertain as Trump pushes looser money

By Zach Halaschak
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Fed cuts interest rate target, but future uncertain as Trump pushes looser money

The Federal Reserve cut its interest rate target on Wednesday for the third time since President Donald Trump entered his second term, a move toward easing monetary policy.

After a two-day meeting of its monetary policy committee in Washington, the Federal Open Market Committee announced it would move its rate target to a range of 3.50% to 3.75%, down from 3.75% to 4%.

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Economy Federal Reserve Inflation Interest Rates Jerome Powell Jobs Monetary Policy Trump Administration Washington D.C.