The Fed Officials Who Dissented at Powell's Last Meeting as Chair
Federal Reserve officials left interest rates unchanged, but revealed a growing divide over the outlook for policy.
A pedestrian walks past the Marriner S. Eccles Federal Reserve building in Washington.
Photographer: Andrew Harrer/BloombergFour Federal Reserve officials dissented against Wednesday’s decision to hold interest rates steady, underscoring a deepening division at the US central bank during Jerome Powell's final policy meeting as chair.
One policymaker, Stephen Miran, dissented because he preferred to cut rates by a quarter point. The others — Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas — pushed back in a completely different way.