Andrew Harnik / Getty Images The Federal Reserve's policy committee voted Wednesday to cut its influential interest rate. Key Takeaways The Federal Reserve cut its key interest rate by a quarter-point Wednesday, as widely expected. The Fed's policy committee was unusually divided, with three members voting against the decision. The slowing job market and stubborn inflation are pulling the Fed in opposite directions. The Federal Reserve lowered borrowing costs Wednesday to boost hiring, but it coul ...