According to the Federal Reserve’s official implementation note for the September 17, 2025 FOMC meeting, the Committee directed the Desk to maintain the federal funds rate in a new target range of 4.00% to 4.25%, down from the prior 4.25% to 4.50%, i.e., a 25‑basis‑point cut to the federal funds rate. (federalreserve.gov)

Independent coverage from economic and financial news outlets confirms that on September 17, 2025, the Jerome Powell–led FOMC cut the benchmark interest rate by 25 basis points to 4.00%–4.25%, and that this was the first rate cut since December 2024. (realtor.com)

The prediction was that in September 2025, Jerome Powell and the Federal Reserve would implement a 25‑basis‑point cut to the federal funds rate. The actual outcome matches this exactly in both timing (September 2025) and magnitude (25 bps), with Powell still serving as Fed Chair at that meeting. (livemint.com)