Watch live: Powell gives remarks after Federal Reserve cuts interest rates

The Federal Reserve has made a significant move by cutting interest rates by a quarter point for the first time in nearly a year, bringing the new range to 4% to 4.25%. This decision comes amid growing concerns about political pressure on the independent central bank, particularly from former President Trump. Lower interest rates can stimulate economic growth by making borrowing cheaper, which is crucial as the economy navigates uncertainties. This change is noteworthy as it reflects the Fed's responsiveness to current economic conditions and its commitment to fostering a stable financial environment.

Treasury Secretary Scott Bessent's lawyer has criticized a report claiming Bessent owned two principal residences, a charge echoed by President Trump against Federal Reserve governor Lisa Cook. This accusation raises questions about the integrity of public officials and their financial dealings, especially in light of the ongoing scrutiny of the Federal Reserve's leadership. The implications of such claims could affect public trust and the stability of financial institutions.

The Federal Reserve has announced a 0.25% cut in interest rates, a move that is expected to stimulate economic growth by making borrowing cheaper for consumers and businesses. This decision reflects the Fed's commitment to supporting the economy amid ongoing challenges, and it could lead to increased spending and investment, ultimately benefiting the overall financial landscape.

The U.S. Federal Reserve has made a significant move by cutting interest rates for the first time since December, lowering its key policy rate to 4.25 percent. This decision is important as it aims to stimulate economic growth and support consumers and businesses during uncertain times. Lower interest rates can lead to cheaper loans and mortgages, encouraging spending and investment, which can ultimately boost the economy.

The Federal Reserve has cut US interest rates for the first time since December, lowering them to a range between 4% and 4.25%. This move aims to stabilize the labor market amid ongoing challenges, including rising prices due to tariffs imposed by Donald Trump. While this decision is significant for economic policy, it may not fully address the concerns of all stakeholders, particularly Trump, who has been vocal about his views on interest rates.

The Federal Reserve has made the significant decision to cut interest rates for the first time this year, responding to alarming declines in job gains that signal a weakening U.S. economy. This move aims to alleviate some of the pressure on the job market, which is crucial for economic stability. As the Fed takes this step, it highlights the growing concerns about employment and economic growth, making it a pivotal moment for both policymakers and the public.

Senator Chris Coons criticized FBI Director Kash Patel's recent testimony, describing it as a performance aimed solely at President Trump. During a CNN appearance, Coons expressed concern over Patel's credibility, suggesting that his statements were more about appeasing Trump than providing honest oversight. This matters because it raises questions about the integrity of the FBI's leadership and the influence of political figures on law enforcement agencies.

The Federal Reserve is anticipated to announce its first interest rate cut in almost a year, responding to rising inflation and the highest unemployment rate in nearly four years. This decision is significant as it could influence consumer spending and economic growth, making it a key moment for both the markets and everyday Americans.

In a significant Senate hearing, former CDC Director Susan Monarez will face scrutiny as Senator Bill Cassidy aims to highlight the turmoil surrounding Health Secretary Robert F. Kennedy Jr. This hearing is crucial as it reflects Cassidy's increasing frustration with Kennedy, potentially impacting the relationship between Kennedy and President Trump. The outcome could influence public perception of the CDC and its leadership during a critical time.

A memorial vigil for conservative leader Charlie Kirk took place at Arizona State University, drawing attention with red hats and chants of 'USA.' This event is significant as it precedes a celebration of life service featuring prominent figures like President Trump and Vice President Vance, highlighting Kirk's influence and the support he garnered within conservative circles.

A small group of House Republicans successfully negotiated concessions from GOP leaders regarding tariff policies after a procedural vote rebellion. This agreement shortens the duration of a ban on votes that could potentially end President Trump's tariffs and establishes an informal working group to address tariff issues. This development is significant as it reflects the ongoing tensions within the party and the influence of dissenting members, potentially shaping future economic policies.

In a tense Senate Judiciary Committee hearing, FBI Director Kash Patel faced intense scrutiny from Democratic lawmakers, leading to heated exchanges and predictions about President Trump's future actions. This was Patel's first appearance since the assassination of conservative activist Charlie Kirk, making the stakes even higher. The combative nature of the hearing highlights the ongoing political tensions and the critical role of the FBI in current events, raising questions about accountability and the direction of law enforcement under political pressure.

Sam Sussman has penned a novel titled 'Boy from the North Country,' inspired by his mother's alleged affair with music legend Bob Dylan. This intriguing story not only explores the complexities of identity and family but also raises the tantalizing question of whether Sussman could be Dylan's son. The novel adds a personal touch to the narrative of one of music's most iconic figures, making it a compelling read for fans and literary enthusiasts alike.

Bella Hadid has shared concerning images from her hospital bed, where she is seen connected to an IV. This situation has raised alarms among her fans and followers, especially as her sister Gigi Hadid encourages her to remain strong. The public's concern highlights the impact of health issues on celebrities and the emotional support they receive from loved ones during tough times.

In a heartfelt tribute to Robert Redford, Stephen Galloway reflects on the multifaceted legacy of this Hollywood icon. As both an actor and activist, Redford's influence extends beyond the silver screen, showcasing his complexity and artistry. Galloway's insights remind us why Redford remains a significant figure in cinema, inspiring future generations to embrace creativity and social responsibility.

The recent state dinner hosted by the royals for President Trump showcased a delightful menu that included a special nod to his Scottish heritage. Among the highlights was a vanilla ice cream bomb paired with Kentish raspberry sorbet and lightly poached Victoria plums, reflecting both elegance and a personal touch. This event not only emphasizes the strong ties between the U.S. and the U.K. but also highlights the royals' efforts to make the occasion memorable for the president, reinforcing diplomatic relations.

This week in sports has been marked by significant discussions and tributes, particularly surrounding Charlie Kirk and the ongoing debates about transgender participation in athletics. These topics have sparked intense conversations among teams and athletes, reflecting the broader societal tensions that often spill into the sports world. Understanding these dynamics is crucial as they not only affect the athletes involved but also shape the future of sports policies and inclusivity.

The Vikings are currently in a challenging situation following the injury to quarterback J.J. McCarthy. In response, they have turned to Desmond Ridder, who has successfully outperformed another quarterback during the tryout process. This development is significant as it highlights the team's efforts to adapt and find a reliable replacement, ensuring they remain competitive despite the setback.