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The Fed cuts rates for 2nd time since financial crisis - but defies Trump's calls for 'big' stimulus

Posted On: Sep 18, 2019   |   Posted By: Business Insider

The Fed cuts rates for 2nd time since financial crisis - but defies Trump's calls for 'big' stimulus

The Federal Reserve decided to ease borrowing costs for the second time since the financial crisis on Wednesday.
The decision came as policymakers sought to insulate the longest economic expansion on record from growing risks.
The adjustment was broadly in line with expectations, but far from the aggressive stimulus President Donald Trump has repeatedly demanded.
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The Federal Reserve eased borrowing costs for the second time since the financial crisis Wednesday and left the door open to future cuts, as policymakers sought to insulate the longest economic expansion on record from growing risks.
Following a closely-watched policy meeting, the central bank lowered interest rates to a target range of 1.75% to 2%. The quarter percentage point adjustment was broadly in line with expectations but far from the aggressive stimulus President Donald Trump has demanded.
The policy-setting Federal Open Market Committee signaled the move was not the start of a downward...

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