The Federal Reserve lowered interest rates today by a quarter of a percentage point. The central bank’s chair, Jerome Powell, described the decision as a “risk management” move to preemptively shore up the economy, rather than wait for a downturn.

The rate cut was something of a turning point for the Fed, which for months has been debating when to provide relief for borrowers. Policymakers there are tasked with keeping prices stable and the labor market healthy. By cutting rates and signaling that two more reductions could follow this year, Fed officials indicated that they were now more worried about jobs than inflation.

For the second straight meeting, the rate decision was not unanimously supported — which for the past few decades was incredibly unusual. Today’s dissent came from Stephen Miran, President Trump’s pick to join the Fed, who was sworn in this week. He voted in favor of a larger, half-point reduction.

Powell described the disagreement as healthy at a point when economic signals are so mixed: “There are no risk-free paths now,” he said. “It’s not incredibly obvious what to do.”

As consequential is whether the Fed will continue to maintain its long-held independence under Trump’s relentless pressure. The president, who has threatened to oust Powell, tried last month to fire Lisa Cook, a Fed governor. She participated in this week’s vote after a panel of judges ruled in her favor.

For more: Today’s rate reduction could have a modest effect on your finances.