The Fed’s move will reduce its benchmark rate — which influences many consumer and business loans — by an additional quarter-point to a range of 1.75% to 2%.
The Federal Reserve’s decision to cut interest rates could have wide-ranging implications.
The president called the Federal Reserve Board members "boneheads" as he pushed for a rate cut that would put money in his own pocket.
A full percentage cut would reportedly save the president $3 million annually in interest payments.
The Dow Jones fell more than 500 points after the president attacked Jerome Powell and "ordered" U.S. companies to cease relations with China.
The move is meant to counter what it sees as threats to the U.S. economy.
The director of the National Economic Council says the freshman lawmaker "kind of nailed" her questions to Fed chair Jerome Powell.
Former Boeing, TSA and Federal Reserve whistleblowers share advice on how to do it right.
Moore withdrew from consideration for a spot on the Federal Reserve Board following the resurfacing of his racist and sexist remarks.
Republican senators spoke out against Trump's controversial pick earlier this week.
In the Republican Party, that's a big problem.
Donald Trump’s nominee for the Federal Reserve Board admitted he had “a long paper trail” in making controversial jokes and comments.
GOP Sens. Joni Ernst and Lindsey Graham said they are not confident in the controversial nominee.
“I think we should pay attention to that, because I think that has very negative consequences for the economy and for society,” he said.
"They were humor columns, but some of them weren't funny and so I am apologetic," the president's Federal Reserve Board pick said.
Stephen Moore also once noted that income inequality is a problem — and the solution is more billionaires.
Stephen Moore taunted his ex-wife while cheating on her and has made countless sexist remarks. He thinks it's "character assassination" to bring that up.