Washington • The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, its second move since late July, as it tries to insulate the economy against rising political risks and the fallout from a global slowdown.
A growing number of officials expect one more reduction this year, based on economic projections released after the meeting, in line with investor and economist expectations.
But the Fed’s announcement Wednesday is unlikely to appease President Donald Trump, who has been pushing the central bank to cut interest rates to zero — or even into negative territory.