5 election, but one of its governors said she wants three rate cuts this year. · there was a clear consensus on what the fed will announce about its immediate rate decision wednesday, but what it’d signal moving forward was more up in the air. · a top fed official who voted against the central banks decision to hold interest rates steady last month has made another call for the fed to begin cutting rates. · the federal reserve on wednesday left its key interest rate unchanged, a widely expected move that comes despite enormous pressure from the trump administration to lower it. · federal reserve governor christopher waller said thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. · some officials want a july cut to protect the labor market, while others want to wait because they anticipate more inflation coming. · an influential member of the federal reserve s board of governors thinks that inflation remains headed in the right direction and interest rate cuts should continue in 2025. · the feds rate hikes in 2022 and 2023 drove inflation from 8% to below 3%. However, they also caused the unemployment rate to increase to 4. 1% from 3. 4% in 2023. · the federal reserve has not approved an interest rate cut since before the nov. · fed governor michelle bowman spoke this weekend and maintained her projection of three interest rate cuts in 2025 despite the central bank leaving rates unchanged at its july meeting.