Fed officials are a committee. In the end it is Powell who pulls the weight but he is not going to run out there alone. They like to have consensus. There were detractors at the last meeting.
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Fed officials are a committee. In the end it is Powell who pulls the weight but he is not going to run out there alone. They like to have consensus. There were detractors at the last meeting.
I think they've already decided what they're going to do. But they need to keep people guessing for as long as possible. So that the markets don't tip one way or the other.
They might have. There are always dissenters. If it is one or two, no problem. If it grows to have the room, then it is an issue. We never know until the minutes are posted.