Powell takes on Trump head-on! The final result of the first FOMC meeting in 2026: interest rates remain unchanged. Milan and Waller voted against. Waller, this guy, is competing to be the next Fed Chair. This vote seems like his pledge of allegiance. Currently, the ranking for the next Chair's odds is Reed, Walsh, Waller. Powell's post-meeting speech leaned dovish overall. He mentioned solid U.S. economic growth and a stable job market. However, inflation still poses risks. Reiterated that the Fed needs to remain independent from political pressure. CME predicts the next rate cuts in June and December. Looks like this year's rate-cut wave is dead on arrival.