Federal Reserve Minutes to Reveal "Rare Deep Divisions," Walsh May Face Rate-Hike Debate
Odaily Odaily News The Federal Reserve will reach a leadership transition point on May 22nd, while a set of meeting minutes released at 2 AM Beijing time on Thursday will preview the apparent rift emerging within the policy-making body.
According to the schedule, Walsh will be sworn in at the White House on Friday, presided over by US President Donald Trump. The minutes of the Federal Open Market Committee (FOMC) meeting held on April 28-29 serve as a key window for the outside world to observe the policy divergence before the power transition.
These minutes correspond to the final meeting of Powell's term. Compared to past records, this one is considered "the most divided in a generation," with clear opposition among policymakers regarding the path of interest rates and inflation outlook. (Jin Shi)
