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Federal Reserve · United StatesA Federal Reserve split over where its priorities should lie lowered its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee cut its key overnight borrowing rate by a quarter percentage point, putting it in a range between 3.5%-3.75%.See the Story
Divided Fed approves third rate cut this year, sees slower pace ahead
46% Center coverage: 178 sources

Scott Bessent · United StatesU.S. Treasury Secretary Scott Bessent is proposing to overhaul a regulatory panel that monitors the nation’s financial stability, by advocating for looser regulations.See the Story
Treasury Secretary Bessent calls for looser regulations for the U.S. financial system
57% Center coverage: 57 sources

Jerome Powell · United StatesFederal Reserve Chair Jerome Powell warned that the housing sector's struggles are likely to continue with interest rate cuts unlikely to move the needle significantly to address challenges with inventory and affordability.Powell spoke at a press conference Wednesday after Fed policymakers moved to cut the benchmark federal funds rate by 25 basis points for the third consecutive meeting. In his opening remarks, the chairman noted that "activity …See the Story
Powell Says Rate Cuts Won't Make 'Much of a Difference' for Struggling Housing Sector
100% Right coverage: 1 sources