Fed meeting recap: Chair Jerome Powell defends central bank’s decision to go big with first cut CNBCLive updates: First Fed rate cut since Covid CNNBig Rate Cut Forces Fed to Contend With New Obstacles The Wall Street JournalWATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut PBS NewsHourFed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years CNBC