Fed holds rates steady but with highest level of dissent since 1992

Fed holds rates steady amid sharp divide

The Federal Reserve held interest rates steady on Wednesday, but in its most divided decision since 1992 noted rising concerns about inflation in a policy statement that drew three dissents from officials who no longer feel the US central bank should communicate a bias towards lowering borrowing costs. A fourth dissent at the meeting came in favour of a quarter-percentage-point rate cut. "Inflation is elevated, in part reflecting the recent incr…

4 Fed Members Send Jerome Powell Out To Pasture By Bucking Him On Final Interest Rate Decision

Four committee members dissented Wednesday from the Federal Reserve's statement to keep the central bank's benchmark interest rate unchanged.

US Fed leaves rates unchanged as Powell set to remain on board

A divided US Federal Reserve has held interest rates steady for a third consecutive meeting, as policymakers grapple with heightened uncertainty linked to the war in the Middle East. The decision is expected to be the last overseen by Chair Jerome Powell.

Federal Reserve Leaves Rates Unchanged

The Federal Reserve left interest rates unchanged in its last meeting with Chair Jerome Powell. His term expires on May 15. “Recent indicators suggest that economic activity has been expanding at a solid pace,” the Fed said in a statement. “Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the recent increase in global energy prices.” “Developmen…

US Fed holds interest rates steady amid sharp divide over policy easing bias

In a shift from previous language, the Fed noted rising concerns about inflation, due in part to recent rise in energy prices. Read more at straitstimes.com.