Mohamed El-Erian noted significant internal division, with four dissents at the meeting and rates held at 3.5%–3.75%. He said it is the first such level of dissent since 1992 and pointed to uncertainty driven by the economic outlook, geopolitical conflict, and the transition at Fed leadership.

2026-04-30

Mohamed El-Erian noted significant internal division, with four dissents at the meeting and rates held at 3.5%–3.75%. He said it is the first such level of dissent since 1992 and pointed to uncertainty driven by the economic outlook, geopolitical conflict, and the transition at Fed leadership.