In a move calculated to protect the USA from the effects of slowing economic growth in China and Europe as well as uncertainties related to the ongoing trade war, the Federal Reserve yesterday announced a quarter-point cut in interest rates to 2.00-2.25%.

Because the US economy is so strong and growing, with rising wages and unemployment at a 50-year low, Federal Reserve Bank of Boston President Eric Rosengren voted against the rate cut.

President Trump said that he'd prefer to have heard the Fed announce a "lengthy and aggressive rate-cutting cycle."

Fed Chair Jerome Powell said that the Board doesn't factor the views of the White House into its decisionmaking.