The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.

For the first time since 1993 more than one Fed governor voted against the Fed chair Jerome Powell and the committee's majority decision. The dissenters - governors Christopher Waller and Michelle Bowman - were both appointed by Trump and like the President support cutting rates.

The Federal Reserve said Wednesday it was leaving its interest rate unchanged, a widely expected move that comes despite enormous pressure from the Trump administration to lower it.