Summary
The Federal Reserve is likely to lower its main interest rate by 0.25% during its Wednesday meeting. This meeting is seen as unusual because of political pressure from President Trump.
Key Facts
- The Federal Reserve plans to cut its main interest rate by 0.25%.
- This rate cut would be the first in about a year.
- The meeting is considered unusual by Federal Reserve watchers.
- Political pressure from President Trump is one reason it's seen as unusual.
- Geoff Bennett talked with David Wessel from the Hutchins Center about this meeting.
