Fed Whisperer: At Least Three Dissenting Votes Expected in December, Whether for Rate Cut or Not
BlockBeats News, November 18th, in an article by the "Fed Heard" Nick Timiraos, it was pointed out that Federal Reserve officials are facing a challenge in how to resolve rate disagreements. He listed the two camps within the Federal Reserve, with one camp being more concerned about inflation, a group that has recently grown in size, including four regional Fed presidents with voting rights this year and Fed Governor Brainard.
The other camp of officials is more concerned about the labor market, including all three Fed governors appointed by Trump, who fear that their colleagues may overemphasize the danger of sustained high inflation, leading to unnecessary recession risks, and they believe high inflation is still far away. Nick stated that in any case, the December meeting may have at least three dissenters, with the three Trump-appointed officials opposing keeping rates unchanged; and if the Fed cuts rates by 25 basis points, the dissenting votes will also reach at least three. (Golden Finance)
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