Federal Reserve Chairman Jerome Powell has maintained his hold on markets despite two rate-setters dissenting from the decision to keep interest rates unchanged. The rare “double dissent” by Christopher Waller and Michelle Bowman signals a shift in hawkish sentiment within the Fed. This marks a break from the usually cohesive stance of Fed policymakers, who have historically agreed on monetary policy direction. Meanwhile, President Donald Trump’s tariffs continue to test America’s economy.
Source: https://www.economist.com/finance-and-economics/2025/07/30/despite-double-dissent-jerome-powell-retains-his-hold-on-markets