US interest rate cut: The White House has pressured Powell as the economy slows
US interest rate cut: The White House has pressured Powell as the economy slows
The US Federal Reserve lowered interest by a quarter of a percentage point on Wednesday. It’s the fourth straight vote by the US central bank that was not backed by all members of the 12-person Federal Open Market Committee, demonstrating how fractured the central bank has become as it balances the risks of rising unemployment and persistent inflation.
Al Jazeera’s Shihab Rattansi reports from Washington, DC.
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