US EditionFed holds rates steady but sees first double dissent in three decades
- The Federal Reserve kept interest rates unchanged at 4.25%-4.5% during its Wednesday meeting in Washington, D.C.
- The decision came despite strong calls from President Trump and two Republican-appointed Federal Reserve governors who advocated for a reduction in interest rates.
- Fed Chair Jerome Powell adopted a cautious tone, signaling the committee is waiting for clearer inflation data and the impact of tariffs before cutting rates.
- Investors were pricing in just over a 50% probability that interest rates would remain unchanged following the meeting, while dissenting votes from Waller and Bowman favored reducing rates, marking the most significant FOMC disagreement since 1993.
- The hold on rates is expected to persist until September, implying limited near-term relief for borrowers amid high credit card rates near record highs.
362 Articles
362 Articles
Fed keeps interest rates unchanged amid economic uncertainty
(WTRF) -- This week during a Federal Open Markets Committee meeting, the Federal Reserve made the decision to keep interest rates unchanged, maintaining a 4.25 to 4.5% rate. Managing Director Jason Haswell says although people would like to see lower interest rates, it’s important that the Federal Reserve sees how other factors like changes in tariffs and inflation affect the economy. Haswell says this decision may be beneficial in the long …
The US Federal Reserve leaves interest rates unchanged. But for the first time in over 30 years, two members vote against the decision – and now questions are being raised about political influence.
Trump Attacks Fed Chair Powell After Central Bank Holds Rates Steady - News Facts Network
Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell on Thursday, following the... The post Trump Attacks Fed Chair Powell After Central Bank Holds Rates Steady appeared first on News Facts Network.
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MYSTATELINETrump blasts Powell after Fed votes to keep interest rates steady
(The Hill) - President Trump on Thursday blasted Federal Reserve Chair Jerome Powell, lodging insults at the head of the central bank for opting again to not lower interest rates. “Jerome ‘Too Late’ Powell has done it again!!! He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair,” Trump wrote in a post on Truth Social. “He is costing our Country TRILLIONS OF DOLLARS, in addition to one of the most in…
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kboi.comTrump Lays Into Jerome Powell: ‘Too Stupid’ to Chair Fed
President Donald Trump on Thursday once again slammed Federal Reserve Chair Jerome Powell, accusing him of costing the United States "trillions of dollars" and calling him "too stupid" to hold his job after the Fed voted to keep interest rates steady. "Jerome “Too Late” Powell has done it again!!!" the president posted on Truth Social. "He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair. He is cos…
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