The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown.
Fed Chair Jerome Powell joined the 10-2 majority on the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday’s meeting in Washington, DC.
Dissenting were Trump-appointed Fed Gov. Stephen Miran, who voted for a larger half-point cut, and Kansas City Federal Reserve Bank President Jeffrey Schmid, who voted to leave the policy rate unchanged.
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Source: https://www.realtor.com/news/trends/fed-interest-rate-decision-jerome-powell-october-2025/?fbclid=IwY2xjawNwsP9leHRuA2FlbQIxMQABHqi4vCFY4cvuF63kavS7Lt0l7i-EWnQNe0yR-4a_Ryz-3TJP8KN8Gy_tr9ZR_aem_vSr35PzR4navDa262AJL9A
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