The #FederalReserve left its benchmark #InterestRate unchanged for the 3rd straight meeting but signaled it could still cut rates in coming months, moves that attracted the most dissents since Oct 1992.
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The #FederalReserve left its benchmark #InterestRate unchanged for the 3rd straight meeting but signaled it could still cut rates in coming months, moves that attracted the most dissents since Oct 1992.
The Fed kept its short-term rate at 3.6% & retained language in its statement suggesting the next move would be a rate reduction. 3 ofcls dissented in favor of removing the reference to a future cut, while a 4th, Stephen Miran, dissented in favor of an immediate rate cut.
https://apnews.com/article/powell-warsh-trump-federal-reserve-inflation-4e09e4cdb25856635c94abe0021fc1d3 -
The #FederalReserve left its benchmark #InterestRate unchanged for the 3rd straight meeting but signaled it could still cut rates in coming months, moves that attracted the most dissents since Oct 1992.
The Fed kept its short-term rate at 3.6% & retained language in its statement suggesting the next move would be a rate reduction. 3 ofcls dissented in favor of removing the reference to a future cut, while a 4th, Stephen Miran, dissented in favor of an immediate rate cut.
https://apnews.com/article/powell-warsh-trump-federal-reserve-inflation-4e09e4cdb25856635c94abe0021fc1d3The dissents underscore the level of division on the Fed’s 12-member rate-setting committee ahead of the departure of Chair #JeromePowell, whose term ends May 15. The Senate Banking Committee approved his successor, #Trump appointee Kevin Warsh, earlier Wednesday on a party-line vote. Warsh has argued in favor of rate cuts, as Trump has demanded.
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