US Fed cuts interest rates for second time since 2008 bbc.com

The US central bank has cut interest rates for only the second time since 2008, amid concerns about slowing global growth and trade wars.

As expected, the Federal Reserve lowered the target range for its key interest rate by 25 basis points to between 1.75% and 2%.

President Trump reacted by attacking Fed chairman Jerome Powell for lacking "guts".

Mr Trump has repeatedly criticised the Fed for cutting rates too slowly.