Federal Reserve Chairman Jerome Powell delivers remarks following the Fed’s two-day policy meeting on Wednesday.
The Fed on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market.
In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.
Newly installed Governor Stephen Miran was the only one of those voting against the quarter-point move, instead advocating for a half-point cut.
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Federal Reserve Chair Jerome Powell speaks after quarter-point interest rate cut — 9/17/2025
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