Four dissents reveal schism in Fed over rate cuts; what Warsh will inherit
The largest FOMC dissent in 34 years arrives three weeks before Warsh inherits the chair, narrowing his cutting room and giving the hawks institutional cover.
Section
Economy
Economy, markets, and the Fed.
3 articles archived. Newest first.
Powell's Final Signal
As inflation reopens, the Fed chair must choose between managing Warsh's handoff and defending credibility
Warsh's Fed Confirmation Signals Pivot to Balance-Sheet Tightening; Rate Path Now Secondary
New chair likely to front-load portfolio runoff, reshaping financial conditions beyond interest rates