Federal Reserve issues FOMC statement
8 points
20 hours ago
| 2 comments
| federalreserve.gov
| HN
dumama
20 hours ago
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Apparently the 2 dissenters were Trump appointees: https://www.reuters.com/business/fed-holds-rates-steady-desp...

This is the first dissent in 30 years, since 1993.

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impish9208
20 hours ago
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*First dissent by more than one governor. Both of them also indicated that they’d vote in favor of cutting rates so it’s not unexpected. Especially for Gov. Waller since he’s vying to be nominated to the chair after Powell.
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IAmGraydon
19 hours ago
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I find it interesting that Trump releases market-tanking releases simultaneously with the Fed rate decisions. Today at exactly 2:30PM EST, he released 50% copper tariffs just as the FOMC was releasing their statement. I believe he wants the market to drop during Fed releases, as he's still trying to manufacture public outrage at Powell to justify his eventual removal, even though Powell appears to be the only adult in the room.
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