'No guts!': Fed disappoints Trump with 25bps rate cut
Seven of ten FOMC members vote for small cut
The Federal Reserve opted for a 0.25% cut of its key interest rate last night (18 September), disappointing US President Donald Trump who said chairman Jerome Powell lacked "guts" for not implementing a deeper cut.
In the face of slowing US growth and market uncertainty, seven out of ten members of the Federal Reserve's Open Markets Committee voted to shift the target range for the rate to between 1.75% and 2%. One...
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