[Music] The Federal Reserve cuts interest rates for the first time in nine months and signals two more cuts could come this year. Jerome Powell defending the decision in the face of a weakening labor market and pressure from the White House. >> I think we were right to wait and see how tariffs and inflation and and the labor market evolved. I think we're now reacting to uh you know to the the much lower level of job creation and other evidence of softening in the labor market and saying well those risks are ...