Federal Reserve expected to cut interest rates amid Trump pressure – live updates

<p>Decision due amid concerns about political influence at independent central bank – with Trump aide sworn in as governor and Lisa Cook fighting removal</p><p>The Trump administration’s extraordinary bid to fire Lisa Cook, a Fed governor appointed by Biden, and remove her from the central bank’s board before this meeting, has so far failed.</p><p>Late on Monday, a federal appeals court rejected Trump’s request to block Cook from attending the Fed’s latest rate-setting session, which started yesterday.</p> <a href="https://www.theguardian.com/business/live/2025/sep/17/federal-reserve-interest-rate-decision-jerome-powell-trump">Continue reading...</a>