analyst: Fed's disagreement is unexpected, and Kevin Warsh is likely to face many difficulties after taking office

According to Odaily, analysts Anna and Stuart pointed out that today's decision to keep interest rates unchanged was expected, but what is striking is the dissenting opinions. Ironically, Jerome Powell, who is widely seen as a consensus-builder, was likely presiding over his final meeting as Fed Chair, which saw the highest number of dissenting votes. The policy statement also upgraded the description of inflation from "somewhat elevated" to "elevated." This, coupled with the apparent divisions within the committee, highlights the challenges Kevin Warsh will face in achieving the interest rate cuts that Trump hopes for. Unless there is a significant deterioration in the labor market, it is hard to imagine this divided committee taking swift action to cut rates. (Jin Shi)