Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day.

Today's top stories

Federal Reserve policymakers voted 9-2 yesterday to keep interest rates steady , despite President Trump's months-long call for them to be lowered. The benchmark interest rate, which affects the rates that businesses and consumers pay to borrow money, remains between 4.25% and 4.5% . The Fed's decision comes as it waits to see how the president's tariffs and other initiatives could impact the broader economy.

Chip Somodevilla / Getty Images North America / Getty Images

🎧 For the first time in over three decades, two Fed governors, Chris Waller and Michelle Bowman,

See Full Page