Two members of the Federal Reserve's board voted against the interest rate decision, marking the first time in over 30 years

ChainCatcher message, the Federal Reserve maintained interest rates on Wednesday, with rare dissent in the decision-making process, and the statement did not specify when a rate cut might occur. This decision faced opposition from two governors appointed by Trump—Waller and Bowman—both of whom believe that current monetary policy is too tight.

This is the first time in over 30 years that two governors have cast dissenting votes in a decision. The FOMC voted 9 to 2 to keep the benchmark overnight rate in the range of 4.25%-4.5%, marking the fifth consecutive meeting without a change.

In the statement, the Federal Reserve noted: "The unemployment rate remains low, and the labor market conditions are still robust. Inflation is still slightly high." The statement also pointed out that economic growth "has slowed somewhat" in the first half of the year, which could strengthen the case for a rate cut at a future meeting if this trend continues. However, the statement also emphasized that "uncertainty about the economic outlook remains high," and stated that both inflation and employment targets face risks. This wording reflects the Federal Reserve's reluctance to cut rates hastily while the paths for inflation and employment remain unclear.