“This week’s Fed meeting could produce something that hasn’t happened since 1993: more than one governor voting against the Fed chair. The groundwork was laid weeks ago. Welcome to monetary policy in the age of the succession campaign,” the Wall Street Journal reports.
“Fed Chair Jerome Powell and his colleagues have signaled they favor maintaining a wait-and-see approach at this week’s meeting. The potential dissenters—governors Christopher Waller and Michelle Bowman—happen to be President Trump’s two appointees. Both have voiced support for cutting rates, which Trump also has publicly demanded.”
ABC News: Federal Reserve likely to stand Pat on rates this week.
