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「Fed Whisperer」: This week's Fed meeting may see two governors dissenting from the wait-and-see approach and instead advocating for a rate cut
BlockBeats News, July 30th, The "Fed Whisperer" Nick Timiraos published an article stating that this week's Fed meeting may see dissent from two governors, a situation that has not occurred in over 30 years (or in other words, in 259 consecutive policy meetings).
"Powell and some of his colleagues have already signaled a preference for a wait-and-see approach at this week's meeting, while the potential dissenters - Fed governors Waller and Bowman - happen to be two of President Trump's appointees. Both have expressed support for a rate cut, a move Trump has openly called for. Regardless of Powell's decision, this week's dissent may be inevitable - if the Fed cuts rates, it may face opposition from hawkish policymakers concerned about reigniting inflation."
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