The Federal Reserve cut its interest rate target on Wednesday for the second time since President Donald Trump entered his second term, a further move toward easing monetary policy.

After a two-day meeting of its monetary policy committee in Washington , the Federal Open Market Committee announced it would move its rate target to a range of 3.75% to 4%, down from 4% to 4.25%.

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Investors widely expected the move, which comes after the Fed began cutting interest rates in September. President Donald Trump and others in the administration have

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