Core Points - The Federal Reserve has cut interest rates by a quarter point and anticipates two more cuts within the year [1] - Jerome Powell emphasized that no single voter can significantly influence the Fed's rate policy due to the committee's structure [2][3] Summary by Categories Interest Rate Policy - The Federal Reserve has implemented a quarter-point rate cut and is projecting two additional cuts for the remainder of the year [1] Committee Dynamics - Powell highlighted that the Federal Open Market Committee (FOMC) consists of 19 members, with only 12 having voting rights, indicating that individual votes have limited sway [2] - He noted that to influence decisions, a voter must present compelling arguments based on data and economic understanding [3]
Miran’s Addition to FOMC Unlikely to Steer Path of Rate Policy
Barrons·2025-09-17 19:20