Feds Cut Interest br Rates for First Time br Since 2008.br Fed Chairman Jerome Powell br led the 8-2 vote in favor of br the small interest rate cut.br Rates will hover br between 2 and 2.25.br The decision was br made to help the economy br continue its expansion.br The cut follows months br of unprecedented br public pressure from br President Donald Trump.br Trump has often br criticized Powell br for making "all br the wrong moves.".br Chairman Powell stated br that Trump's pressure br did not play a factor in the br decision of the Federal Reserve.br He also stated that more br cuts could be in the future, br but a cycle of cuts br would be short-lived.