BREAKING: Federal Reserve Cuts Interest Rates by 25 Basis Points – Trump Appointee Miran Called For 50 bps Cut in Lone Dissent
Federal Reserve Chairman Jerome Powell announced on Wednesday that the Fed will reduce interest rates by 25 basis points—or 0.25%—to 4.25%.
This is the first interest rate reduction since December 2024, and it is only a 25 basis point cut.
Breaking: The Fed lowered rates by a quarter point, and officials penciled in cuts at each of two remaining meetings this year https://t.co/5W3WRYPWK9
— The Wall Street Journal (@WSJ) September 17, 2025
The Dow jumped 400 points after the Fed lowered rates and forecast two more cuts this year.
Dow jumps 400 points as Fed lowers rates and forecasts two more cuts this year: Live updates https://t.co/dVpQiHr56x
— CNBC (@CNBC) September 17, 2025
According to CNBC, Trump appointee Stephen Miran called for a 50 basis point reduction in interest rates in a lone dissent.
Miran was sworn in as a Federal Reserve Governor on Tuesday ahead of the FOMC meeting.
Embattled Federal Reserve Governor Lisa Cook participated in this week’s interest rate meeting after corrupt Biden judges ruled against Trump after he fired her amid allegations of mortgage fraud.
CNBC reported:
Newly-confirmed Federal Reserve Governor Stephen Miran dissented from the central bank’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, choosing instead to call for a half-point cut.
Miran, who was confirmed by the Senate to the Fed Board of Governors on Monday, was the sole dissenter in the Federal Open Market Committee’s statement.
Governors Michelle Bowman and Christopher Waller, who had dissented at the Fed’s prior meeting in favor of a quarter-point move, were aligned with Fed Chair Jerome Powell and the others besides Miran this time.
Miran was selected by Trump back in August to fill the seat that was vacated by former Governor Adriana Kugler after she suddenly announced her resignation without stating a reason for doing so. He has said that he will take an unpaid leave of absence as chair of the White House’s Council of Economic Advisors rather than fully resign from the position.
Watch Fed Chairman Jerome Powell deliver remarks following the Fed’s decision to lower rates by 25 basis points:
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