Feds Cut Interest <br />Rates for First Time <br />Since 2008.<br />Fed Chairman Jerome Powell <br />led the 8-2 vote in favor of <br />the small interest rate cut.<br />Rates will hover <br />between 2% and 2.25%.<br />The decision was <br />made to help the economy <br />continue its expansion.<br />The cut follows months <br />of unprecedented <br />public pressure from <br />President Donald Trump.<br />Trump has often <br />criticized Powell <br />for making "all <br />the wrong moves.".<br />Chairman Powell stated <br />that Trump's pressure <br />did not play a factor in the <br />decision of the Federal Reserve.<br />He also stated that more <br />cuts could be in the future, <br />but a cycle of cuts <br />would be short-lived.
