The Federal Reserve on Wednesday left interest rates unchanged at 3.5% to 3.75%. Wednesday’s Federal Open Market Committee (FOMC) meeting may be Jerome Powell’s last as the Senate prepares to confirm Kevin Warsh as the new Fed Chairman. In an unusual development, four FOMC members dissented. As expected, Trump-appointed governor Stephan Miran dissented. “The other three “no” votes came from regional presidents Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas. They said they agreed with the hold but “did not support the inclusion of an easing bias in the statement at this time,”” CNBC reported. According to CNBC, at issue for the trio was this sentence: “In considering the extent and timing of additional adjustments to the target range for…
Click here to read the full article at The Gateway Pundit.
