Federal Reserve holds interest rates steady in Powell's last meeting as chair
Yahoo Finance·2026-04-30 02:08
An unusually divided Federal Reserve held its benchmark interest rate steady on Wednesday, marking the third consecutive meeting without a change in what was expected to be Fed Chair Jerome Powell's last time overseeing a rate decision before his term ends May 15. The Fed's benchmark interest rate was kept at a target range of 3.5% to 3.75%. But four officials broke from the majority on the Federal Open Market Committee, producing an 8-to-4 outcome — a degree of internal opposition not seen at the Fed sin ...