Three Fed Dissents, $250B in Treasuries: What the FOMC Hold Means for the Stablecoin Money Machine
On July 29, 2026, the Federal Reserve held its benchmark rate at 3.50-3.75% in a 9-3 vote — the most hawkish FOMC decision under Chair Jerome Powell’s tenure. Three regional Fed presidents — Hammack of Cleveland, Kashkari of Minneapolis, and Logan of Dallas — dissented in favor of a 25 basis point hike, an unusually…