Fed Cuts Rates Below 4% for First Time Since 2022

Published 11 hours ago

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Above: U.S. Federal Reserve Chairman Jerome Powell speaks in Washington, D.C., on Oct. 29, 2025. Image copyright: Al Drago/Bloomberg/Getty Images

The Spin

Republican narrative

The Fed's rate cut is a positive step, but Powell remains dangerously behind where rates should be. Inflation is actually slowing despite tariff fears, and the weakening job market clearly demands more aggressive action to support economic growth.

Townhall

Democratic narrative

The Fed is recklessly cutting rates while inflation has run well above the 2% target for years. This dangerous strategy risks stoking more inflation, and without reliable economic data due to the shutdown, policymakers are flying blind into potential disaster.

The New York Times

Pro-establishment narrative

The measured quarter-point reduction reflects prudent calibration, advancing the dual mandate by cushioning labor market softening while permitting inflation's gradual return to target. With quantitative tightening's end, this fosters stable liquidity, enabling resilient growth amid data constraints without undue stimulus risks.

Mario Nawfal on X