Splits on FOMC are no bad thing, say experts
Former policy-makers say economic uncertainty means dissent over US rates path is inevitable
Economists and former policy-makers have told Central Banking that the current levels of disagreement between members of the Federal Open Market Committee (FOMC) are reasonable, to be expected – and even desirable.
The minutes for June’s FOMC meeting, released on July 9, showed that two of its members expected conditions in the US economy to evolve in a way that would justify a rate cut at the committee’s next meeting on July 29–30. Most members expected rates cuts at some point this year; and
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