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Fed unlikely to cut benchmark interest rates, though economic policy schism emerges

Fed unlikely to cut benchmark interest rates, though economic policy schism emerges
general7/30/2025

Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division reflecting the economy's muddy outlook as well as the jockeying to replace Chair Jerome Powell when his term ends next year.

WASHINGTON (AP) — Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division at the Fed that reflects the economy’s muddy outlook and possibly the jockeyi... [4471 chars]