Cleveland Fed president Beth Hammack said Friday that while she supported holding interest rates steady at this week's Fed policy meeting, she dissented because she did not favor language in the policy statement maintaining a bias towards cutting interest rates.

Three regional bank presidents opposed signaling rate cuts—guidance outgoing Chair Jerome Powell offered little reason to keep.

President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office.

It's Fed decision day. It's also likely to be the last time that Jerome Powell presides over the Federal Reserve's policy committee. Follow our live coverage.

BNP Paribas warns of rising tensions in the Fed rate outlook after a divisive policy vote, as inflation risks and internal splits cloud future FOMC decisions.

The Federal Reserve made headlines in April by choosing to hold interest rates steady, extending an ongoing pause. Of course, that pause wasn’t exactly a surprise. Inflation soared in March in the wake of the Iran conflict.

The Federal Reserve concluded its third meeting of the year by maintaining the federal funds rate at 3.50%–3.75%.