Powell showed he’s still ‘firmly in control’ after White House adviser Miran’s first FOMC meeting, former Fed official says
via bloomberg.com
Short excerpt below. Read at the original source.
Jerome Powell’s first meeting with Stephen Miran produced an unexpectedly broad majority to lower rates by a quarter point, a sign of the Fed chairman’s ability to build a consensus. Before Wednesday’s meeting of the Federal Open Market Committee, some on Wall Street saw deeper division, with Miran representing a potential third dissenting vote for […]