Fed Holds Rates at 3.50%-3.75% with 8:4 Vote, Most Dissents Since 1992

Published: Apr 30, 2026 17:22

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The US Fed announced its April interest rate decision, voting 8:4—a relatively rare outcome—to maintain the federal funds rate target range at 3.50%–3.75%, marking the third consecutive hold. Among the dissenters, Miran voted against the decision, advocating for a 0.25 percentage point interest rate cut; Hammack, Kashkari, and Logan also cast dissenting votes, supporting the current federal funds rate target range but opposing the inclusion of an easing bias in the statement. This meeting saw the most dissenting votes since October 1992. The statement retained potentially dovish language, indicating that the Fed would carefully assess the latest information when considering the extent and timing of "further" interest rate adjustments.

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