WASHINGTON – The Federal Reserve has lowered the federal funds rate by a quarter point to a range of 4 to 4-1/4 percent. This decision comes amid signs of moderated economic growth and an uptick in inflation.

The Committee, chaired by Jerome H. Powell, aims to achieve maximum employment and a 2 percent inflation rate. Despite job gains slowing and unemployment edging up, the rate remains low.

The Committee expressed concerns about increased risks to employment, influencing their decision to adjust the interest rate. They will continue to monitor economic developments and are open to further policy adjustments if necessary.

Stephen I. Miran voted against the decision, favoring a larger rate cut of half a percentage point. The Committee remains committed to supporting employment and contr

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