Fed keeps interest rates steady; two Trump-appointed governors dissent for cuts.

Federal Reserve Chairman Jerome Powell has kept interest rates steady despite pressure from President Trump for cuts. Powell emphasized that the Fed remains "data dependent" and hasn't decided on a September rate cut. Two Trump-appointed Fed governors voted for a rate cut, marking the first time since 1993 that two governors dissented. The Fed's decision comes amid uncertainties over the impact of tariffs on the economy and inflation.