Federal Reserve kept the federal funds rate at 3.50%-3.75% for a third consecutive meeting, as widely expected.
Four FOMC members dissented—the most since September 1992—with Governor Stephen Miran favoring a 25‑bp cut.
Regional presidents Beth Hammack, Neel Kashkari and Lorie Logan opposed adding an easing bias while supporting a steady‑rate stance.
Senate Banking Committee advanced Kevin Warsh as Powell’s successor, and the Fed’s press conference is set for 14:30 ET.