One Fed official, former White House economic adviser Stephen Miran, dissented from Wednesday’s decision to hold rates steady. A federal judge last week quashed a pair of subpoenas issued to the Fed, but the Justice Department is appealing the decision. The Fed’s unwillingness to cut rates hands the White House a convenient target, even as economists say the central bank has little choice but to wait. “He should be dropping interest rates, IMMEDIATELY, not waiting for the next meeting!”Trump’s efforts to pressure the Fed extend beyond social media posts. The Justice Department said it would appeal.

Source: Washington Post March 18, 2026 21:01 UTC