The Federal Reserve may have three board members vote against the meeting in September, the first time since 1988.
2hours ago
According to Odaily Planet Daily, the US Senate narrowly confirmed Milan as the next Federal Reserve governor on Monday, securing one of 12 votes on the board ahead of the Fed's crucial September policy meeting. Two other Fed governors appointed by Trump during his first term, Bowman and Waller, both voted against the decision to keep interest rates unchanged at the July meeting, favoring a rate cut. Analysts suggest that due to weaker-than-expected labor market data, the two may dissent again at the September meeting, favoring a deeper rate cut. Not since 1988, early in former Chairman Alan Greenspan's term, has a Fed policy decision been met with dissenting votes from three governors. (Jinshi)
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