FOMC
5 briefs
Trump Installed a Fed Chair Who Wants to Cut Rates. The Economy Will Not Let Him.
Kevin Warsh arrives at the Federal Reserve next week having promised rate cuts. Inflation is at 3.3%, the April jobs report beat forecasts by nearly double, and Paul Tudor Jones says there is no chance Warsh can deliver. Someone is going to be wrong about this.
Powell's Last Meeting. Four Dissents. And Warsh Waiting.
The Fed's most divided vote since 1992 revealed a central bank that no longer agrees on what it is supposed to do. The incoming chair inherits the contradiction.
Powell's Last Meeting Split the Fed Four Ways
The FOMC held rates at its April 29 meeting, but four officials voted against the statement. Three opposed a cut signal. One wanted a cut now. The institution is publicly fractured heading into the Warsh era.
Four Fed Officials Broke With Powell at His Last Meeting. That's the Story.
The biggest FOMC dissent since 1992 wasn't about rates. It was about whether the Fed can still pretend the next move is obviously a cut.
Powell's Last Stand: The Fed Chair Who Can't Cut Passes the Baton to Someone Who Won't
Jerome Powell presides over his final FOMC meeting this week as the man set to replace him promises a harder line on inflation. The regime change at the Fed is not about rates. It is about who controls the institution.