The Federal Reserve held off on a rate hike, but three officials opposed the decision — the most dissents since December 2014.
Fed officials concluded that economic growth is improving after an anemic first half of the year, job gains are approaching an apex and inflation remains low. But in a statement after their Wednesday meeting, the majority of Fed officials chose “to wait for further evidence of continued progress.”
Here & Now‘s Jeremy Hobson discusses the decision with economist and Hamilton College professor Ann Owen.
Ann Owen, professor of economics at Hamilton College and former economist for the U.S. Federal Reserve’s board of governors.