Federal Reserve Votes to Cut Interest Rates by Quarter Point

In economic news, the Federal Reserve voted Wednesday to cut interest rates by a quarter point for the third time this year. But the vote to reduce rates was split 9 to 3; usually the Fed votes unanimously when making major changes to the interest rate. This comes as the U.S. economy is reeling from tariffs, immigration crackdowns and cuts to government spending. And despite inflation and unemployment ticking up in September, not to mention four months of job losses over the past six months, President Trump offered an optimistic assessment of the U.S. economy.

Dasha Burns: “But I do want to talk about the economy, sir, here at home. And I wonder what grade you would give your economy.”

President Donald Trump: “A-plus.”

Dasha Burns: “A-plus?”

President Donald Trump: “Yeah, A-plus-plus-plus-plus-plus.”

President Trump was interviewed by Politico’s Dasha Burns.