Fed Maintains Steady Rates Amid Political Pressure
TL;DR Summary
Two Federal Reserve governors, Christopher Waller and Michelle Bowman, dissent from the majority by voting to cut interest rates, marking the first double dissent in over 30 years, amid rising political pressure and economic challenges.
- Despite a double dissent, Jerome Powell keeps his hold on markets The Economist
- 2 Fed officials break ranks as Trump wages war on Powell Politico
- Fed leaves rates steady despite Trump pressure, gives no hint of September cut Reuters
- Federal Reserve holds key interest rate steady for fifth straight meeting despite Trump's pressure Fox Business
- Here's what changed in the new Fed statement CNBC
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