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US Market News Digest for April 30, 2026
April Fed meeting: splits on wording
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April Fed meeting: splits on wording and Powell's final press conferenceThe April 2026 Federal Reserve meeting was the most divided since 1992. Miran (the "dovish" wing) pushed for a 25-basis-point interest rate cut, while Hammack, Kashkari, and Logan (the "hawkish" wing) objected to the phrase "additional adjustments," arguing it would signal cuts ahead. They preferred a "neutral" phrasing, warning that energy-driven inflation could necessitate further tightening. This was Jerome Powell's final press conference as Fed chair — his term ends May
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