ByTy Roush,
Forbes Staff.
The Federal Reserve voted Wednesday to pause interest rate cuts, with several policymakers and economists forecasting further cuts later this year—as concerns spread in recent weeks about the central bank’s independence from the Trump administration.
The Federal Open Market Committee voted 10-2 in favor of holding interest rates between 3.5% and 3.75%.
Fed governors Stephen Miran and Christopher Waller dissented in favor of lowering interest rates by a quarter point to between 3.25% and 3.5%.
