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Federal Reserve obliges Trump, cuts interest rates for the third time this year

In a move championed by President Donald Trump, the Federal Reserve cut its key interest rate by 0.25% to a range of 3.5% to 3.75% on Wednesday, the third cut this year, lowering borrowing costs and giving some lift to a flagging job market.Only three members of the Federal Reserve Board of Governor......

Source: The Blaze

Original URL: https://www.theblaze.com/news/federal-reserve-obliges-trump-cuts-interest-rates-for-the-third-time-this-year