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Federal Reserve holds rates at April FOMC meeting with four dissents
- Date
- · 2:00 PM ET
- Type
- Economy
- Where it applies
- National
- Location
- Washington, DC
The Federal Open Market Committee held the federal funds target range at 3.50 to 3.75 percent at its April meeting. Eight members voted for the decision and four dissented. Stephen Miran wanted a quarter point cut, while Beth Hammack, Neel Kashkari and Lorie Logan agreed with the hold but objected to an easing bias in the statement. The decision was released on April 29.
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