Federal Reserve keeps rates unchanged in 10-2 vote

The Federal Reserve kept interest rates unchanged on Wednesday, in a 10 to 2 decision.

Governors Chris Waller and Stephen Miran dissented in favor of a 25 basis point cut.

After cutting rates three times at the end of last year, investors had anticipated the Fed would hold rates steady at the conclusion of their two-day policy meeting on Wednesday afternoon.

Attention now shifts to Fed Chair Jerome Powell’s press conference, where markets will look for signals on when the central bank might lower rates again.

The press conference comes amid growing scrutiny of Fed independence, following Powell’s public criticism of the Trump administration earlier this month over a DOJ subpoena related to his testimony on headquarters renovations.

#TSLALinkedPerpsOnBinance #VIRBNB #ClawdbotTakesSiliconValley