The Federal Reserve’s latest FOMC statement outlines a quarter-point rate cut amid rising concerns over the labour market and persistent inflation. Chair Jerome Powell emphasised employment risks while signaling two more cuts in 2025. The decision reflects shifting priorities and political tensions, including Trump’s controversial attempt to remove Fed Governor Lisa Cook. Read the full FOMC statement for insights into the Fed’s economic outlook, rate projections, and its stance on inflation, growth, and independence.
