Fed holds rates at an unusual moment: stocks at records, dollar under pressure, and Powell in the crosshairs

Two governors dissented in favor of a cut, including Christopher Waller, a top contender for the chairmanship to replace Powell.

Jan 29, 2026 - 01:00
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Fed holds rates at an unusual moment: stocks at records, dollar under pressure, and Powell in the crosshairs
Two governors dissented in favor of a cut, including Christopher Waller, a top contender for the chairmanship to replace Powell.

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