The U.S. central bank lowered interest rates on Wednesday, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers are beginning to reckon with the prospects for sweeping economic change under an incoming Trump administration.
Fed Lowers Rates but Sees Fewer Cuts in 2025 | Business Matters (Dec. 18)
By Don Ma