Fed Cuts Rates With Three Dissents, Projects One Cut in 2026: Fed Special
Lisa Abramowicz and Tom Keene break down Fed Chair Jerome Powell's comments to reporters after the Federal Reserved delivered its third consecutive interest rate cut. Two regional Fed presidents —...
By Bloomberg Markets · Bloomberg Markets
Lisa Abramowicz and Tom Keene break down Fed Chair Jerome Powell's comments to reporters after the Federal Reserved delivered its third consecutive interest rate cut. Two regional Fed presidents — Austan Goolsbee from Chicago and Jeff Schmid from Kansas City — dissented in favor of keeping rates unchanged and recent appointee Stephen Miran dissented in favor of a larger, half point cut. Powell told reporters that while inflation has eased, it remains 'somewhat elevated.' (Source: Bloomberg)