Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable.

The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.

The Federal Reserve’s decision to slash interest rates by half a percentage point will offer relief to American borrowers while giving Wall Street a boost. How much it will reshape the 2024 White House race is unclear, but it may pay a small dividend to Vice President Kamala Harris.