Fed dissenters explain 'no' votes, saying they disagreed with hinting next move would be a cut

watch nowFederal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.Regional presidents Neel Kashkari of Minneapolis, Lorie Logan of Dallas and Beth Hammack of Cleveland released statements explaining their votes, offering similar rationale regarding the verbiage in the statement — but not over the decision to keep a hold on rates form their current position.Kashkari said the statement contained "a form of forward guidance about the likely direction for monetary policy. Given recent economic and geopolitical developments and the higher level of uncertainty about the outlook, I do not believe such forward guidance is appropriate at this time."Instead, he said the Federal Open Market Committee statement Wednesday should have indicated the next move could be a cut or a hike. This was the third consecutive pause for the committee after it cut three times in the latter part of 2025.Similarly, Hammack said she didn't agree with the decision to indicate an "easing bias around the future path for monetary policy.""I see this clear easing bias as no longer appropriate given the outlook," she said. Hammack noted that inflation pressures "continue to