In the US, the Fed rate has been lowered amid the risk of stagflation. What the media writes

For the first time since December last year, the Fed lowered the interest rate by a quarter of a percent. Although the White House insisted on this decision, since it should lead to a weakening of the dollar and cheaper external borrowing, no one was fully satisfied with the result. At the same time, concerns are growing in the United States about a slowdown in the labor market, which also affects the economy. What the foreign media write about this is in the Izvestia article.

The New York Times: the decision to lower the rate was not unanimous

For the first time since December last year, interest rates were shifted by a quarter of a percentage point, in the range from 4% to 4.25%. This decision was not unanimous: Stephen Miran, who was chosen by US President Donald Trump to head the Federal Reserve and took the oath of office a few minutes before the start of the central bank's two-day meeting on Tuesday, insisted on a more serious rate cut by half a percentage point.

However, the Fed has to balance competing economic risks and difficult policy debates as Trump and his allies try to force the central bank to reduce borrowing costs. The Fed has been careful in fending off Trump's attacks, as the institution's independence is under the most serious threat in recent decades. Responding to a direct question about independence, Powell said the Fed is "firmly committed" to protecting it.

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Bloomberg: Powell managed to rally his colleagues from the Fed to decide on the rate

Federal Reserve Chairman Jerome Powell has managed to rally a fractured committee of policy makers in support of an interest rate cut. The reduction occurred against the background of a significant slowdown in the pace of job creation and unprecedented pressure from the White House on the Fed, which sought much lower rates.

Powell acknowledged that the Fed's work will become more difficult. Previously, a strong labor market gave officials leeway to protect themselves from tariff-induced inflation. But since recent employment reports showed that hiring has slowed sharply, policymakers have been paying more attention to the state of the labor market. The Fed chairman did not respond to whether he plans to resign after his term expires in May, while the White House is interviewing candidates to replace him and plans to make a decision in the coming months.

Reuters: rates are being lowered to contain rising unemployment

The Federal Reserve has lowered interest rates and made it clear that further cuts will follow to stem the downturn in the labor market, where black unemployment is already rising, the workweek is shortening, and other signs of weakening. The decision is in line with the call of US President Donald Trump, although it does not promise such a sharp reduction in borrowing costs, which he apparently hoped for.

Powell's comments marked a steady change in tone that began in the summer, when Fed officials concluded that increased import duties would not lead to sustained inflation. The rapid price growth is expected to continue until the end of the year, and after that, inflation pressure will ease, even if monetary policy becomes more liberal. At the same time, signs of weakness in the labor market are accumulating, and wage growth is close to a standstill.

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Financial Times: The Fed is forced to work in a "risk management" mode

The Federal Open Market Committee lowered the base target range of federal funds from 4% to 4.25%, which is in line with Wall Street expectations. Economic forecasts released at the same time as the Fed's decision showed that most senior central bank officials expect at least two more quarter-point cuts by the end of this year, indicating a dovish shift from the last forecasts in June.

However, most Fed rate setters said that data showing a reduction in the rate of job creation would help curb wage growth and ensure a short-term impact of tariffs on inflation. The latest report showed that only 22,000 jobs were created in August, underscoring investors' concerns that the labor market in the world's largest economy is freezing.

The Washington Post: The US economy has entered a period of stagflation

The United States is entering a period that looks and feels like stagflation. This means that both unemployment and inflation are rising. So far, it's been a modest increase, which is probably best described as "mild stagflation," but it's still frustrating because it's almost impossible to cure both of these diseases at the same time. Federal Reserve Chairman Jerome Powell did not use the c-word on Wednesday, but repeatedly called the situation "unusual."

The country is facing a turbulent few months, as the worst impact of tariffs will hit the budgets of businesses and families. Survey data and consumer sentiment show fear and frustration over rising prices and the deteriorating labor market situation. However, the U.S. economy grew by 3.3% in the second quarter. The growth is supported by the spending of the rich and companies investing heavily in the development of artificial intelligence. The economy is now heavily skewed towards some major players.