Wednesday, July 30, 2025

Dissent at the Fed

See How Often Fed Governors Have Broken Ranks
https://www.nytimes.com/2025/07/30/business/economy/fed-rate-dissent-powell.html
Two top Fed officials voted against the central bank’s decision to leave rates unchanged, the first dual dissent in more than 30 years.
 
Fed Holds Rates Steady, but Two Officials Back a Cut
https://www.wsj.com/economy/central-banking/fed-holds-rates-steady-but-two-officials-back-a-cut-6fc17c67
Dissents highlight a fraying consensus among policymakers, who are debating the effects that tariffs will have on the economy and inflation.