Fed Dissenters Push Back on Easing Bias -- Market Talk

Dow Jones02:04

1404 ET - At both Fed meetings so far this year, a group of officials have advocated for removing language in the Fed's policy statement suggesting that the Fed's next move will be another rate cut. That signal, implying a bias toward further easing, comes from a phase in the second paragraph of the statement referring to "the extent and timing of additional adjustments" to the Fed's rate target. The word "additional" implies future moves will add on to the easing that the Fed accomplished in 2024 and 2025. At the April meeting, three Fed officials who are concerned about persistent inflation, Beth Hammack, Lorie Logan and Neel Kashkari, felt strongly enough that that phrase should be removed that they voted against the policy statement. (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

April 29, 2026 14:04 ET (18:04 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment