TheStreet. The Federal Reserve hasn't had an easy job in 2025. The central bank is governed by a dual mandate to set rates at levels that encourage low unemployment and inflation—two often contradictory goals.

Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates by 25-basis-points.

President Donald Trump may see lower Federal Reserve interest rates as a fix for two politically potent problems, the cost of servicing $36 trillion in government debt and the high cost of home ownership,