""They all came together to support what seems to be a very balanced decision," he said."
"The nearly unanimous vote "sends a very strong message that they're not going to bow to the monar"
The Federal Reserve reduced its key interest rate by a quarter-point with only one dissenter, signaling strong internal consensus. The rate-setting meeting followed intense presidential pressure for steeper cuts and a hurried Senate confirmation of Trump nominee Stephen Miran just hours earlier. Economists had expected several dissenting votes amid economic uncertainty and inflation above the Fed's 2% target, and some officials were thought likely to oppose any cut. Trump has appointed multiple Fed governors and floated replacements for Chair Jerome Powell, creating incentives for deeper reductions. The near-unanimous outcome conveyed institutional independence from political interference.
Read at Fast Company
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