Fed keeps rates steady amid deep divide; Powell to stay on board
The Federal Reserve kept its benchmark interest rate unchanged at 3.50–3.75% on April 29, but revealed a sharply divided policy stance, with dissent reaching its highest level since 1992.The decision by the Federal Open Market Committee (FOMC) came in an 8–4 vote, underscoring growing disagreement over the future direction of monetary policy as inflation ris..