Federal Reserve issues FOMC statement
Federal Reserve issues FOMC statement
stream:bsky-jetstream 12d ago
Federal Reserve issues FOMC statement
The Federal Open Market Committee voted 9-3 on Wednesday to maintain the federal funds rate in a range of 3.5%-3.75%, with three members dissenting in favor of a rate hike. The decision reflects growing but insufficient support within the Fed for tightening monetary policy despite inflation concerns.
The Federal Reserve raised benchmark interest rates by 25 basis points on September 16, its first increase under Chair Kevin Warsh, despite direct pressure from President Trump to lower rates. Rising mortgage costs persist even as Trump demands rate reductions.