JUST IN: Federal Reserve cuts its key interest rate for first time since 2008.
— Wednesday's move is an attempt to guard the economy against increasing geopolitical tensions, the potential impact of Brexit, and fallout from President Donald Trump's protracted trade war with China.
Powell has continually stressed the independence of the Fed from political pressure, walking a fine line between appearing to appease the president while also parsing economic metrics that indicate a possible downturn.
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