FOMC will lose two dissenting doves in 2018
Kashkari and Evans were the only members who voted against the last rate rise on December 13
The Federal Open Market Committee is set to lose the only two members who dissented from the rate hike implemented by the central bank on December 13 as committee membership rotates.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, and Charles Evans, president of the Federal Reserve Bank of Chicago, dissented from the consensus on the FOMC to raise the federal funds rate to 1.25–1.5%. In their view, inflation remains too weak.
But on the basis of the rotating system of the
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