In a surprising move, the Federal Reserve decided to keep interest rates unchanged, despite a historic dissent from two governors who advocated for immediate rate cuts. This decision comes as pressures mount from former President Trump, who has been vocal in his criticism of Fed Chair Jerome Powell and is pushing the board to take control over interest rate decisions. Market reactions have been mixed, with real estate stocks plunging and US stocks closing lower as traders adjust their expectations for future rate cuts. Fed officials cite concerns over the slowing economy and labor market as key reasons for their dissent, but Powell maintains that his patient approach is essential for economic stability. The situation has led to an uncertain outlook in the stock market and ongoing debates about the Fed’s direction amidst external political pressures.