President, Federal Reserve Bank of Minneapolis
Appears in 2 stories
Voted for September rate hike; expects more increases into 2027, unsure about October
Five years into the inflation fight, prices still run above the Fed's 2% target, and the central bank has reversed course to tighten. After cutting rates six times from September 2024 to December 2025, the FOMC voted unanimously on September 16 to raise its benchmark rate a quarter point to 3.75% to 4.00% — the first increase since 2023.
Updated 5 days ago
FOMC voting member in 2026, moderately hawkish
The Federal Reserve held rates steady at 3.5-3.75% on January 28, 2026, in a 10-2 vote. Governors Stephen Miran and Christopher Waller both dissented for a 25-basis-point cut — the first time two sitting governors have dissented together in decades.
Updated May 18
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