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AXIOS (Neil Irwin) - Fed holds rates steady amid the most dissents in decades

The Federal Reserve left interest rates steady in what was almost certainly Jerome Powell's final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years. The big picture: The surprising dissents show that Kevin Warsh , whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering the interest rate cuts that President Trump desires. Driving the news: The central bank's policy committee left its target interest rate in a range between 3.5% and 3.75% for the third straight meeting to start 2026 and made only small changes to its policy statement. - Three reserve bank presidents — Beth Hammack (Cleveland), Neel Kashkari (Minneapolis) and Lorie…

The Federal Reserve left interest rates steady in what was almost certainly Jerome Powell's final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years. The big picture: The surprising dissents show that Kevin Warsh , whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering the interest rate cuts that President Trump desires. Driving the news: The central bank's policy committee left its target interest rate in a range between 3.5% and 3.75% for the third straight meeting to start 2026 and made only small changes to its policy statement. - Three reserve bank presidents — Beth Hammack (Cleveland), Neel Kashkari (Minneapolis) and Lorie…Open

YOUTUBE (The Hill) - Watch live: Powell gives remarks as Fed holds interest rates steady

Federal Reserve Chair Jerome Powell will give remarks Wednesday afternoon after the central bank opted to keep interest rates steady amid uncertainty around the Iran war and rising inflation. The Federal Open Market Committee decided to maintain its baseline interest rate range between 3.5 and 3.7 5 percent at the end of what will likely be Powell’s final meeting at the helm. The Senate Banking Committee voted earlier Wednesday to advance Kevin Warsh, President Trump's nominee to lead the Fed, just days after the Justice Department dropped its criminal probe of the sitting chair. #jeromepowell #federalreserve #trump