Federal Reserve interest rate decision: FOX Business special coverage
The Federal Reserve is widely expected to announce Wednesday afternoon its first interest rate cut in more than a decade.
Economists predict the central bank will lower the federal funds rate by 25 basis points, at the conclusion of the Federal Open Market Committee’s two-day meeting. The current range is 2.25 percent to 2.5 percent.
The decision, if it happens, will likely please President Trump in the short-term, though he would prefer a large cut. The president has repeatedly called for Fed Chairman Jerome Powell to cut interest rates.
“I would like to see a large cut, and I would like to see immediately the quantitative tightening stop,” he told reporters Tuesday outside the White House.
Trump said earlier this month that the central bank was the “most difficult problem” the U.S. faces.
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FOX Business will feature special coverage of the Fed decision at 2 p.m. ET on "Making Money with Charles Payne." Joining the discussion with their expert insight are Neil Cavuto, Maria Bartiromo, Stuart Varney and Lou Dobbs. FOXBusiness.com will be live-streaming Powell’s press conference in its entirety starting at 2:30 p.m. ET.