Ryan Michaels

In their time

Meetings by Chair

Powell1Warsh1

Policy rate

4.25–4.5% → 3.75–4%

−50 bp · Mar 2025 – Sep 2026

Rate moves

1 hike · 0 cuts

1 hold at their meetings

Dissents witnessed

1

at 1 of 2 meetings

Unanimous

50%

1 of 2 meetings

Recessions

0

2025–2026

US presidents

1

Trump

In the room

• Economist and Economic Advisor, Federal Reserve Bank of Philadelphia1 meetingMar 18–19, 2025
• Senior Economic Advisor and Economist, Federal Reserve Bank of Philadelphia1 meetingSep 15–16, 2026