A unanimous vote in June to keep rates steady was a result of confusion, rather than consensus.
In Monessen, Pa., even a campaign stop by Donald J. Trump can’t seem to unite the city’s leaders on how to move on from a steel mill’s closing — 30 years later.
The central bank, which entered the year planning to raise rates four times, has scaled back those plans as economic growth has disappointed expectations.
The central bank sent an unusually frank message to Wall Street, delivered in the official account of the Fed’s April meeting.
William Dudley expects “growth that will cause the labor market to continue to tighten, which is what we would like.”
William C. Dudley of the Federal Reserve Bank of New York foresees enough growth for the Fed to resume slowly raising its benchmark interest rate.
Experts cast doubt on Donald Trump’s remarks, which might show the limits of translating his business acumen into the world of government finance.