The move comes amid demands from Trump and high speculation by economists.
of a cut amid softening inflation, a strong consumer economy and an uncertain international trade outlook.
“The outlook for the U.S. economy remains favorable, and this action is designed to support that outlook,” said Powell in a Wednesday press conference., “This action supports the Committee’s view that sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective are the most likely outcomes, but uncertainties about this outlook remain.
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