Fed Meeting Live Updates: Fed Cuts Interest Rates as Officials Worry About Labor Market

October 29, 2025

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1 min read

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The New York Times

The Federal Reserve cut interest rates by a quarter point for the second time this year. Policymakers are operating with a partial view of how the economy is faring because of the government shutdown.

Wednesday’s decision, which brought interest rates below 4 percent for the first time since late 2022, was a divisive one. Two officials dissented for different reasons. Stephen I. Miran, the newest member of the Fed’s board of governors, voted for a... [4386 chars]

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Source: The New York Times

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