Decision due amid concerns about political influence at independent central bank – with Trump aide sworn in as governor and Lisa Cook fighting removal
The US Federal Reserve is expected to announce the first interest rate cut since December as a two-day policy meeting nears its end.
The Fed started the meeting on Tuesday, hours after Donald Trump’s new appointee narrowly won confirmation to join the central bank – while Fed governor Lisa Cook continues to fight her removal by the president.
Source: World news | The Guardian.
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