Federal Reserve cuts interest rates by 0.25% 11:41

After interest rate cut, Trump’s quest to make the Fed bend the knee is far from over The president now has an inside man at the Federal Reserve. But it’s clear he wants an even greater influence over the institution.

Sept. 22, 2025, 3:46 PM EDT

By Ali Velshi

This is an adapted excerpt from the Sept. 20 episode of “Velshi.”

For the first time since December 2024, the Federal Reserve decided to lower interest rates. It was a modest cut — interest rates will decrease by a quarter of a percentage point — but in announcing its decision last Wednesday, the Fed also signaled that it will likely make up to two more cuts before the end of the year.

The move was widely expected, following recent jobs data that indicates the eco

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