The Fed cuts rates, but signals a long pause as policymakers remain sharply divided

US Federal Reserve Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the US Federal Reserve in Washington, DC, US, December 10, 2025. | Photo credit: REUTERS/Kevin Lamarque A sharply divided Federal Reserve cut interest rates on Wednesday, but signaled borrowing costs are unlikely to […]