Core Viewpoint - The Federal Reserve decided to maintain the federal funds rate target range at 4.25% to 4.5% during the July meeting, despite President Trump's calls for a rate cut [1]. Group 1: Federal Reserve's Decision - The Federal Reserve's decision disregarded President Trump's request for a rate cut, indicating significant internal divisions among its members [3]. - The members of the Federal Reserve generally fall into three camps regarding monetary policy: doves advocating for rate cuts and hawks opposing them [3]. Group 2: Internal Disagreements - It is not uncommon for different members to express varying opinions; however, statistical results show that it has been a long time since two or more members voted against each other in the same meeting [5][10]. - The occurrence of two members voting against each other in the same meeting is rare, with the last instance dating back to 1993 [14]. Group 3: Implications of the Vote - The two members who voted against the decision were both appointed by President Trump, highlighting potential political influences within the Federal Reserve [16]. - Following the meeting, Federal Reserve Chairman Jerome Powell's tone shifted towards a more hawkish stance, leading to a decrease in market expectations for a rate cut in September from 65% to 40% [18]. - The internal complexities and uncertainties within the Federal Reserve have emerged as significant challenges [20].
2人反对?30年没出现过啦!
Sou Hu Cai Jing·2025-08-08 02:30