The Federal Reserve is preparing to cut interest rates for the first time in the Biden era after the White House spent the last three years grappling with Americans’ dissatisfaction with the cost of living,

The Federal Reserve cut its key interest rate by 0.5 percent, or 50 basis points, on Tuesday, thrusting it into the center of a political firestorm. Donald Trump quickly weighed in to suggest that the panel could be “playing politics” with its decision,

The Federal Reserve cut interest rates by 0.5 per cent Tuesday—thrusting it into the center of a political firestorm.The cut is the most politically-charged action taken in recent history by the interest-rate setting body because former Pres.

Jerome Powell, the unflappable Federal Reserve chair, would never march into a press conference, declare victory over inflation and drop the mic while giving a middle finger to his haters. That’s not his style.