Federal Reserve's "Rarely Seen Major Divergence" Minutes to Be Released, Walsh May Face Interest Rate Dispute

Odaily Planet Daily News The Federal Reserve will usher in a chairmanship change on May 22, while a set of meeting minutes to be released at 2:00 AM Beijing time on Thursday will reveal significant rifts within the policy-making body in advance.

According to the schedule, Walsh will be sworn in at the White House this Friday, presided over by U.S. President Donald Trump. Meanwhile, the minutes of the Federal Open Market Committee (FOMC) meeting held on April 28-29 will serve as an important window for the outside world to observe policy divergences before the power transition.

These minutes correspond to the last meeting during Powell's term. Compared with the past, this record is considered "the most severely divided in a generation," with clear opposition among decision-makers regarding judgments on the interest rate path and inflation situation. (Jin Shi)