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Internal Consensus Mechanism of Federal Reserve Facing Collapse, Uncertain Outlook for Rate Cuts
Summary: According to sources, as reported by Market News International, 'Federal Reserve Whisperer' Nick Timiraos wrote that President Trump is expected to appoint a new Federal Reserve Chairman in May next year, leading to a significant rate cut. However, internal opposition to the rate cut in December is growing within the Federal Reserve, with Powell facing ...
According to sources, as reported by Market News International, 'Federal Reserve Whisperer' Nick Timiraos wrote that President Trump is expected to appoint a new Federal Reserve Chairman in May next year, leading to a significant rate cut. However, internal opposition to the rate cut in December is growing within the Federal Reserve, with Powell facing the most serious internal resistance in nearly eight years. Evercore ISI economist Krishna Guha stated that the decision-making process is breaking down, and next year may see a severe split within the committee, with three or more dissenting votes possible at the December meeting.
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