Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

Bank of America indicated in a note that Powell would be in “no hurry” to cut rates in June, though disagreements among Fed staff “may start a trend of more frequent dissents” and a “more divided Fed may raise risks of a less consensus and more contentious institution.”

Jerome Powell’s authority at the Federal Reserve keeps chipping away at the edges. For the first time since 1993, more than one Fed governor could vote against the chairman in an official policy decision.