The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.

Powell said that Fed staffers believe federal data could be overstating job creation by up to 60,000 jobs a month—which suggests the jobs market might be shrinking.

Federal Reserve Chair Jerome Powell downplayed dissenting votes against Wednesday’s decision to lower interest rates again, but a slew of finer details from the meeting revealed just how divided the central bank has become.

The Federal Reserve announced its third date cut in a year, to help stabilize the economy. Plus, foreign visitors to the U.S. may face new questions about their social media.

The Federal Reserve announced its third straight interest rate cut following its December meeting amid concerns about slowing labor market despite inflation remaining above target.

Fed Chair Jerome Powell spoke on the three dissenting votes as policymakers grapple with inflation along with gaps in economic data.

Trump said at a White House event this afternoon that the U.S. military has seized an oil tanker off Venezuela. FED DECISION: The Federal Reserve reduced interest rates by a quarter-point in its third cut this year. President Donald Trump has repeatedly attacked Fed Chair Jerome Powell for not lowering them sooner.

Jerome Powell refused to comment on President Donald Trump's search for his Federal Reserve replacement, saying the process doesn't affect his current chair role.