Economy

Fed holds rates steady as oil surge sparks divide on central bank board

Decision draws biggest dissent since 1992 as Jay Powell’s term as chair draws to a close

F
Financial Times
April 29, 2026·1 min read
Fed holds rates steady as oil surge sparks divide on central bank board

Image: Financial Times

Decision draws biggest dissent since 1992 as Jay Powell’s term as chair draws to a close

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Fed holds rates steady as oil surge sparks divide on central bank board

Published by Financial Times

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