Powell stresses 'no decisions' made on September cut as Fed holds rates steady, defying Trump again

The Federal Reserve held interest rates steady Wednesday for the fifth meeting in a row as two Fed governors dissented, underscoring the division within the central bank over the potential impact of President Trump’s tariffs.

Central bank policymakers voted to maintain the Fed’s benchmark interest rate in the range of 4.25%-4.5%, as they have throughout 2025, after cutting rates by a full percentage point last fall.

Fed governors Christopher Waller and Michelle Bowman disagreed with the decision and preferred to cut rates by a quarter percentage point, the first time two governors have dissented on a monetary policy decision in more than three decades.

Fed Chairman Jerome Powell at a press conference did not offer any hints that a cut could be made at the next meeting on Sept. 16-17, noting that the Fed will be assessing a lot of data in the coming months.

https://finance.yahoo.com/news/powell-stresses-no-decisions-made-on-september-cut-as-fed-holds-rates-steady-defying-trump-again-180230344.html

Ketchup bottles are flying and the air reeks of soiled Depends at the Whitehouse.