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2025-07-30 09:58:47
[“Federal Reserve Mouthpiece”: Two Governors May Dissent This Week] Nick Timiraos, the “Federal Reserve Mouthpiece”, published an article saying that two Federal Reserve Governors may dissent at this week’s meeting, which has never happened in more than 30 years (or 259 consecutive policy meetings). Powell and some of his colleagues have expressed a preference for a wait-and-see approach to this week’s meeting, and potential opponents—Federal Reserve Governors Waller and Bowman—happen to be two appointees of President Trump. Both have expressed support for a rate cut, and Trump has publicly called for one. Tim Duy, chief U.S. economist at SGH Macro Advisors, said, “Sooner or later, Trump will have an impact on every institution, and perhaps the Fed’s ability to resist that impact is over.” Regardless of Powell’s decision, disagreements this week may be inevitable—if the Fed cuts interest rates, it may face opposition from hawks who worry about renewed inflation.
