Why there’s so much drama around this Fed meeting
CNN · Recent
CNN
Recent
The Federal Reserve’s decisions on interest rates have almost always been unanimous. But today’s meeting could reveal the most dissent inside the central bank since 1993, as President Trump ramps up the pressure to cut rates.
Breakdown
- President Trump has repeatedly called for major interest rate cuts from the Fed. 6s
- The market anticipates almost no chance of a rate cut at this meeting. 24s
- Two Fed governors are expected to dissent and vote for a rate cut, an uncommon occurrence. 44s
- Fed Governor Christopher Waller, a likely dissenter, is considered a possible successor to Powell. 1m 2s
- While no rate change is expected now, the meeting could pave the way for a future cut. 1m 22s