Central Bank Lowers Main Interest Rate by a Quarters Worth
Published on an unspecified date in 2025
In a move aimed at boosting the nation's economy, the Federal Reserve has lowered its key interest rate by a quarter-point. The rate, which was previously 4.3%, is now set at about 4.1%. This is the first cut by the Fed since December 2024.
The decision was made on Wednesday and was met with concerns about the health of the nation's labor market. The Federal Reserve is led by Chair J, whose identity remains undisclosed in the text.
The newest member of the Federal Reserve Board of Governors, Lisa D. Cook, spoke in Washington on June 25, 2025. She was appointed by President Biden in January 2022 and managed to remain a member despite attempts by former President Trump to remove her in August 2025.
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The article was written by Christopher Rugaber from Associated Press.
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