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3w ago

Fed Holds Rates at 4.25%–4.50% in 9–2 Split Vote

Fed officials pointed to a solid jobs market coupled with elevated inflation as justification for delaying rate cuts until tariff impacts are clearer.

Jerome Powell, asediado. Foto: nytimes
Powell afirma que los aranceles de Trump podrían frenar el crecimiento económico
La Fed se reúne de nuevo con más presiones que nunca de Trump a Powell
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Overview

  • Governors Christopher Waller and Michelle Bowman cast the two dissenting votes in favor of an immediate quarter-point rate cut, marking the first split vote by two governors in over three decades.
  • Officials said they must evaluate how President Trump’s tariffs could further drive up consumer prices before considering policy loosening.
  • Markets now anticipate a first rate reduction in September, assigning roughly a 62% probability to that move.
  • Data from the Bureau of Economic Analysis showed U.S. GDP growth accelerated to an annualized 3% in the second quarter while unemployment hovered near its lowest rate in years.
  • White House criticism of the Fed’s $2.5 billion headquarters renovation has fueled attacks on Chair Powell’s stewardship and raised questions about central bank autonomy.