Federal Reserve cuts interest rates, and earns another blast from Trump - as it happened
(The Guardian Business News)

The US Fed votes to cut interest rates for the second time this year, but president Trump wants more Jerome Powell gives press conferenceLatest: Trump says Fed has no gutsBreaking: Fed cuts rates by 25 basis pointsBullard wanted deeper cut; George and Rosengren wanted no changeFed split over future path of rates 9.34pm BST Finally, here´s my colleague Edward Helmore on today´s drama at the Fed:Under pressure from Wall Street and the White House, the Federal Reserve lowered interest rates on Wednesday for a second straight meeting, but declined to signal if it would continue to drop rates in the future. Citing the global economic outlook and `muted` inflationary pressures at home, the central bank decided to lower interest rates a quarter of a point to meet a target borrowing rate of 1.75% to 2%. Related: `No guts, no vision!` Trump unhappy after Fed announces modest rate cut 9.31pm BST Wall Street staged a late recovery, after Jerome Powell hinted that the Fed could act aggressively if the US economy turned sour. Continue reading...