#FOMCMeeting The July 2025 FOMC meeting kept interest rates unchanged at 4.25%–4.50%, but two key Fed governors dissented, urging rate cuts due to weakening job growth. Chair Powell maintained a cautious, data-driven stance amid rising political pressure. Markets lowered expectations for a September cut. Trump criticized Powell sharply, signaling possible future changes at the Fed. The decision reflects growing tension between economic caution and political demands for easier monetary policy.