Two governors on the board, Stephen Miran and Christopher Waller, voted against keeping the rates steady, instead suggesting lowering rates by 0.25%.
The Federal Reserve (a/k/a the Fed) will announce its decision today on whether to cut interest rates, followed by a press conference by Fed Chair Jerome Powell. Will the Fed cut interest rates? Join us for live coverage of the Fed interest rate announcement and Jerome Powell news conference. The Federal Reserve (the Fed) has been receiving increasing attention in recent months as President Trump has pressured it to lower interest rates (frequently criticizing Fed chair Jerome “Jay” Powell). Also, the Trump administration’s Justice Department has opened a criminal investigation into Jerome Powell, which Powell called an attempt to further pressure the Fed into lowering rates. Today the Fed will announce its decision on whether to…