Fed policy decision generates most governor dissents since 1993

Central bank dissent just became the next thing to worry about

Was the Federal Reserve’s rare split decision a trivial moment or something more sinister? One thing is certain – we’re in a new era of monetary policy and central bank decisions.

Fed Votes Don’t Have to Be Unanimous

The Federal Open Market Committee, the monetary policy-setting arm of the Federal Reserve, voted 9–2 on Wednesday to keep the federal funds rate at 4.25 to 4.5 percent. FOMC decisions are usually unanimous, and this was the first time there has been more than one dissenting vote since 1993. But it's not a big deal.

Powell downplays Fed board dissents: 'Quite a good meeting'

Federal Reserve Chair Jerome Powell downplayed Wednesday the decision by two members of the central bank's board to dissent on an interest rate decision for the first time in more than three decades. Fed Vice Chair of Supervision Michelle Bowman and Fed Governor Christopher Waller's double dissent Wednesday was the first break from majority opinion by two Fed governors since 1993. Bowman and Waller are members of the Fed board of governors, whic…

Fed Policy Decision Generates Most Governor Dissents Since 1993

Fed policy decision generates most governor dissents since 1993

The Federal Reserve's decision to hold interest rates steady following the end of a two-day policy meeting on Wednesday generated the largest number of dissenting votes by governors at the U.S. central bank in just over three decades.