Warsh nears Fed chair confirmation as officials dissent on rate policy
Updated
Updated · POLITICO · Apr 29
Warsh nears Fed chair confirmation as officials dissent on rate policy
12 articles · Updated · POLITICO · Apr 29
Three regional Fed presidents objected to the rate statement language, while board member Stephen Miran preferred a rate cut but will soon be replaced by Warsh.
The dissents reflect heightened concern over inflation risks from the Middle East war and persistently high oil prices, with officials now viewing rate hikes as likely as cuts.
This marks the highest number of dissents at a Fed rate meeting since 1992, as Warsh faces the challenge of uniting a divided committee amid economic uncertainty.
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