#Firstpost LIVE: US Fed Tries to Prevent Recession Amid Pressure from Trump | US Economy Stumbles | N18G

LIVE: US Fed Tries to Prevent Recession Amid Pressure from Trump | US Economy Stumbles | N18G
The US Federal Reserve has cut interest rates for the first time since 2024. The benchmark rate now stands between 4% and 4.25%. Fed Chair Jerome Powell says more cuts could follow before the year ends. The move comes as America’s job market weakens: unemployment is at a four-year high of 4.3%, long-term joblessness is up, and consumer confidence is falling. The Fed hopes cheaper loans will spur spending, boost hiring, and prevent a recession. But the risks are real. Lower rates can also fuel inflation, already at 3%. Add Trump’s tariffs, which have pushed prices higher, and the Fed is walking a tightrope. Can Powell deliver a “soft landing” for the U.S. economy—or is it already too late?

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