Fed Reserve cuts interest rates despite growing divisions

Danielle KayeBusiness reporterReutersU.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, D.C., U.S., October 29, 2025.The US Federal Reserve has lowered interest rates for the third time this year despite growing divisions, as policymakers aim to prop up the slowing labour market.The central bank said on Wednesday it…