In an election year, Powell needs all Fed voters to start a rate cutting cycle. As a consensus building Fed chair, he can't go with dissents. And right now, the bar is too high to move the 4 hawks.
Unanimous Consent Needed to Cut Rates?
Unanimous Consent Needed to Cut Rates?
Unanimous Consent Needed to Cut Rates?
In an election year, Powell needs all Fed voters to start a rate cutting cycle. As a consensus building Fed chair, he can't go with dissents. And right now, the bar is too high to move the 4 hawks.