Key Takeaways
First Cut of the Year: The Fed lowered its benchmark rate by 25 basis points to a 4%–4.25% range, the first cut since December 2024.
Labor Market Weakness: Policymakers cited slowing job growth and rising unemployment as reasons to...
Secretary Bessent confirms formal process to replace Fed Chair Jerome Powell has begun.
“It’s President Trump’s decision and it will move at his speed,” Bessent says.
New Fed leadership could reshape interest rates, inflation strategy, and U.S. economic policy.
The Trump administration...
