Federal Reserve Chair Jerome Powell speaks at a news conference following the Federal Open Market Committee (FOMC) meeting in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times
The Federal Reserve cut interest rates for the second straight meeting on Oct. 29 as policymakers take a cautious approach to easing monetary policy.
Officials voted to lower the benchmark federal funds rate, a key rate that influences borrowing costs for consumers and businesses, by a quarter point to a new target range of 3.75 percent to 4 percent.
