Fed Chair Jerome Powell announced a half percent cut to benchmark interest rates on Wednesday — the first cut since March 2020. While a half percent cut is considered large, Massachusetts Sen. Elizabeth Warren wanted more.

Fed Chair Jerome Powell has managed to bring inflation back under control — after some early mistakes — by ignoring the easy-money caucus in Washington and Wall Street.

Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates.