The Federal Reserve cut interest rates by 25 basis points for the second time in six weeks, revealing policy differences.

The Federal Reserve cut the benchmark interest rate by 0.25 percentage points on Wednesday!

This is the second time the Federal Reserve has cut rates in six weeks, following a period this year when the central bank kept rates stable to curb stubborn inflation.

The vote to lower the interest rate by 25 basis points was not unanimous; new Federal Reserve Governor Stephen Miller favored a more significant rate cut of 0.5 percentage points, while the president of the Federal Reserve Bank of Kansas City, Jeffrey Schmid, preferred to keep the rate unchanged.

Original article: www.toutiao.com/article/1847352061715468/

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