Federal Reserve holds rates, meeting shows unusually high dissent
financeApr 29, 20261520
The Federal Reserve left interest rates unchanged at Wednesday's FOMC meeting, Jerome Powell's final meeting as chair. Four officials broke with the majority, the highest number of dissents on the committee since October 1992; one member called for an immediate rate cut while three rejected language signaling a bias toward future easing. Powell said he will remain on the Board of Governors for a period after his chair term ends. The split underscores sharp disagreement among policymakers over when to loosen policy, raising uncertainty for markets, borrowers, and the inflation outlook.
