Fed Officials Who Dissented at Powell’s Last Meeting as Chair

Four Federal Reserve officials dissented against Wednesday’s decision to hold interest rates steady, underscoring a deepening division at the US central bank during Jerome Powell’s final policy meeting as chair.

One policymaker, Stephen Miran, dissented because he preferred to cut rates by a quarter point. The others — Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas — pushed back in a completely different way.

They thought it was appropriate to hold rates steady, but they voted against the decision because they opposed the “easing bias” in the policy statement, or the wording ...