How FOMC divisions could be a strength, not a weakness
Fed watchers say disagreements make for better policy, provided governors are not in hock to government
The Federal Open Market Committee is currently split on the path ahead for US monetary policy. Tariffs, the administration’s immigration policy and the unknown neutral interest rate all cloud the economic picture. The government shutdown has further complicated the issue by indefinitely delaying the release of official data on employment.
The chair of the Federal Reserve, Jerome Powell, has been joined by several governors in expressing caution about further rate cuts. Others have called for
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