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The Federal Reserve cut interest rates Wednesday in an unusually narrow vote, underscoring the divides among bank officials over the effect rate cuts will have on inflation and employment. The Federal Open Market Committee (FOMC),

Fed Chair Jerome Powell spoke on the three dissenting votes as policymakers grapple with inflation along with gaps in economic data.

National Economic Council director Kevin Hassett says he would rely on his own judgment and not bow to political pressure to decide whether to cut interest rates if he becomes the next chairman of the Federal Reserve.

The seized supertanker, identified by ‌a risk management group as the Skipper, is part of a "shadow fleet" of ships that carry sanctioned oil to their largest destinations. They