00:00On July 30th, the Federal Reserve held its benchmark interest rate steady at 4.25% to 4.5%, marking the fifth hold this year.
00:09Notably, Governors Christopher Waller and Michelle Bowman dissented, making it the first dual dissent by two governors in over 30 years.
00:16Both argued for an immediate 25 basis point rate cut.
00:20The Fed emphasized persistent inflation above its 2% target amid moderating growth, citing uncertainties from President Donald Trump's tariff policies.
00:29Chair Jerome Powell reiterated a cautious, data-driven approach, resisting political pressure and suggesting potential rate cuts later in the year, depending on incoming data.
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