i see im and michael kushma and julie bail and steve thank you very much. we'll be back in touch soon on this as we await comments from the fed chair jay powell going to be a lively press conference, i think. we're going to get some more reaction to the decision after a quick break. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back to "power lunch. the fed leaving rates unchanged, but signaling that more rate hikes could be ahead let's get reaction from david wessel from the brookings institution. greg ip is with us still i feel like the only one who never worked at "the wall street journal" here. david, let me begin with you it is unusual, it would seem to me, to have unanimity on the overall decision, but the kind of scatter in terms of the predictions of wher

michael kushma and sarah hunt also coming up on bloomberg tv. ♪ lisa m.: keeping you up-to-date withi'm lisa mateo. relief is in sight. the national weather service says heavy rainfall in the eastern u.s. on sunday should help dissipate much of the smoke choking the region as a result of the canadian wildfires. air quality is already showing signs of improvement with the level in new york city returning to moderate. conditions remain unhealthy for many cities spanning from north carolina to rhode island. donald trump has become the first former u.s. president to be charged with coming federal crimes. a grand jury indicted trump in connection with his refusal to return classified document found in his florida home. if convicted, he could face prison or be disqualified from holding public office, including seeking to recapture the house in 2024. most economists expect the federal reserve to pause rate increases for the first time in 15 months through december. the federal open market committee will keep rates steady at the 5% to 5.25% rate. they face a closer call on what to do in july