Overview
- Governors Stephen Miran and Christopher Waller dissented, favoring an additional 25‑basis‑point cut.
- The statement cited solid growth with inflation still elevated and emphasized evaluating incoming data before further adjustments.
- The hold interrupts a sequence of three quarter‑point reductions that began in September.
- The decision unfolded as President Trump pushed for deeper cuts and as media reported a Justice Department inquiry involving Chair Jerome Powell.
- Powell defended the Fed’s independence and noted unemployment has stabilized even as price pressures persist.