Most Split Fed Vote Since 1992 Leaves Markets Rethinking the Outlook for Lower Rates
The Federal Reserve left interest rates unchanged on April 29, but the real significance of the meeting was how divided policymakers appeared to be. Fed kept its benchmark rate in the 3.5% to 3.75% range, as expected, yet the vote was the most split since 1992. Eight officials supported holding rates steady, while four dissented: […]
Trump Threatens to Fire Powell if He Stays on Fed Board After Chair Term Ends
President Donald Trump has intensified his confrontation with Federal Reserve Chair Jerome Powell by threatening to fire him if Powell does not also leave the Fed’s Board of Governors when his term as chair ends on May 15, 2026. Trump made the threat in a Fox Business interview, saying he had “held back” from firing […]
