Fed holds rates; three dissents over rate-cut bias mark highest since 1992. State Street's Tim Graf says panel aims to signal resistance to political pressure to cut.
The Federal Reserve held interest rates steady, but dissent rose to its highest since 1992 as three policymakers opposed language indicating a bias toward cuts. Tim Graf of State Street said the committee wants to make clear it will resist political pressure to lower rates.
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The Federal Reserve held interest rates steady, but dissent rose to its highest since 1992 as three policymakers opposed language indicating a bias toward cuts. Tim Graf of State Street said the committee wants to make clear it will resist political pressure to lower rates.
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