On Thursday, following President Trump’s landslide victory, the Federal Reserve reduced interest rates by 25 basis points, or 0.25%.
The latest rate cut comes after the Fed slashed rates by 50 basis points in September.
The benchmark rate is between 4.5% to 4.75%
Fed Chairman Jerome Powell also informed reporters that he would not resign from his position, even if President Trump asked him to step down.
The latest rate cut comes after the Fed slashed rates by 50 basis points in September.
The benchmark rate is between 4.5% to 4.75%
Fed Chairman Jerome Powell also informed reporters that he would not resign from his position, even if President Trump asked him to step down.
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