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Fed Holds Rates; Senate Advances Trump’s Warsh Nomination

4/30/2026

24 5 Full Breakdown

Summary

Story summary

Federal Reserve (Fed) kept rate at 3.5%-3.75% on April 29, 2026, with 8-4 vote.
Stephen Miran, Beth Hammack, Neel Kashkari, Lorie Logan rejected easing language.
Fed Chair Jerome Powell said he will stay on the Board.
The Senate Banking Committee advanced U.S. President Donald Trump’s nomination of Kevin Warsh as Fed chair.
The Fed warned inflation stays high from spikes while March payrolls rose 178,000 and unemployment fell to 4.3%.

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Story summary

Federal Reserve (Fed) kept rate at 3.5%-3.75% on April 29, 2026, with 8-4 vote.
Stephen Miran, Beth Hammack, Neel Kashkari, Lorie Logan rejected easing language.
Fed Chair Jerome Powell said he will stay on the Board.
The Senate Banking Committee advanced U.S. President Donald Trump’s nomination of Kevin Warsh as Fed chair.
The Fed warned inflation stays high from spikes while March payrolls rose 178,000 and unemployment fell to 4.3%.