US EditionFed holds rates steady but sees first double dissent in three decades
- On Wednesday, following a two-day meeting in Washington, the Federal Reserve decided to maintain its benchmark lending rate within the 4.25% to 4.5% range.
- This decision followed concerns that President Trump's tariffs are pushing up inflation and complicating the Fed's policy approach amid ongoing economic pressures.
- The Fed's board voted 9-2 to maintain rates, marking the first time in over 30 years that two governors—Trump appointees Christopher Waller and Michelle Bowman—dissented, favoring a rate cut.
- Chair Jerome Powell said, "That is a risk to be assessed and managed," regarding tariff-induced inflation, while President Trump urged rate cuts to make borrowing more affordable.
- The Fed signaled it will wait for more economic data before cutting rates despite Trump's repeated calls, suggesting ongoing tensions over monetary policy direction.
346 Articles
346 Articles
What to Know About Trump’s Powell Pressure and Mortgage Rates
The Federal Reserve decision to leave rates unchanged Wednesday once again rankled President Donald Trump, who in recent weeks has repeatedly argued that lower interest rates will unlock the frozen housing market.
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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