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Facing Trump's pressure, the Federal Reserve cuts rates for the first time this year

The Federal Reserve lowered its benchmark interest rate for the first time this year, but President Trump is demanding bigger rate cuts.

Copyright 2025 NPR

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Steve Inskeep is a host of NPR's Morning Edition, as well as NPR's morning news podcast Up First.