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The Federal Reserve lowered its benchmark interest rate by a quarter point on Wednesday, marking the central bank’s third consecutive cut as policymakers attempt to balance persistent inflation pressures with signs of cooling in the labor market. After the news broke, President Trump said he believed the cuts could have been much bigger. "Could have been doubled, at least doubled," said Trump about the cuts during a Wednesday afternoon roundtable. The move comes at a politically sensitive moment, as President Donald Trump nears the end of his search for a new Fed chair — and signals he expects the next leader to maintain the aggressive push for cheaper borrowing costs. In recent days, the president has tied lower rates directly to his broader message on “affordability,” a theme he is elevating as Republicans prepare for the 2026 midterm elections. Read more: https://wjactv.com/news/nation-world/... _______________ Stay up to date with our social media: WJAC on Facebook: / wjactv WJAC on Twitter: https://x.com/wjactv Subscribe to WJAC on YouTube: https://youtube.com/@wjactv4598?si=LD... For more information, visit https://wjactv.com/ Have a news tip? Send it directly to us: Email us: [email protected] Call the Newsroom: 814.255.7650 WJAC is a PA based station and a NBC Television affiliate owned and operated by Sinclair Broadcast Group. #Pennsylvania #Johnstown #News #JohnstownNews #PennsylvaniaNews #PANews #LocalNews #WJAC #WJACTV #WJACNews #6News #NBC6News #trending #trump #trumpadministration #jeromepowell #federalreserve #finance #economy