The modest cut — to a range of 1.75% to 2% — irritates Trump, who has insisted on more aggressive action.
Kai Ryssdal checked in with Austin Golding, a small business owner in Mississippi.
A global economic meltdown caused the last rate cuts. Today, the economy is far from that point.
Kai Ryssdal spoke with a former Fed governor about what it's like to be in the room when the FOMC makes a major decision.
The Federal Reserve announced today that it has cut interest rates, causing stocks to fall slightly.