Fed Cuts Rates In 7-3 Decision, IOER Tweaked, Committee Divided On Future Easing

Fed Cuts Rates In 7-3 Decision, IOER Tweaked, Committee Divided On Future Easing

Under withering criticism from the White House to deliver aggressive easing, the Fed on Wednesday cut rates for the second straight meeting. The 25bp move will disappoint Donald Trump, who has advocated for deep cuts and earlier this month went so far as to call his Fed chair a "bonehead" in the course of demanding rates be cut to "zero or less". Trump's exhortations come as polls suggest voters are concerned about the domestic economy and as the administration seeks to reclaim a competitive a
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