Fed’s Vote Signals Trouble Ahead for Future Rate Cuts

“Jerome Powell pushed through a rate cut Wednesday over the broadest reservations of his nearly eight-year tenure, and in doing so, implicitly delivered a pointed message to President Trump and his own successor: Cutting rates is harder than it looks,” the Wall Street Journal reports.

“The decision drew three dissents—two from officials who opposed any cut and one from a Trump ally who wanted a larger reduction.”