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Axios
Axios

Fed holds rates steady amid the most dissents in decades

The Federal Reserve left interest rates steady Wednesday in what was almost certainly Jerome Powell's final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years.

The big picture: The surprising dissents show that Kevin Warsh, whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering the interest rate cuts that President Trump desires.


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