The Federal Reserve’s last meeting kept interest rates unchanged, but two board members, Christopher Waller and Michelle Bowman disagreed. Their dissents will be a key focus when the Fed releases the minutes this week.
Those same members are scheduled to speak at this week’s Jackson Hole Symposium. Both are seen as possible successors to Chair Jerome Powell, whose position is under political pressure from President Trump. Waller and Bowman’s remarks will be closely watched.
Powell will also deliver his keynote on August 22. At the same time, he may need to defend the Fed’s independence as the administration pushes for sharp rate cuts.
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