This week's Federal Open Market Committee (FOMC) Meeting yielded an unexpected result: a nearly unanimous decision, with only one member dissenting. In a complex economic environment, Fed Chairman Jerome Powell demonstrated exceptional leadership, successfully facilitating this near consensus decision.



The newly appointed board member Stephen Milan became the only member to vote against a 25 basis point rate cut. As a newly sworn-in temporary official of the Fed, Milan advocates for a more aggressive rate cut policy. This position aligns with the direction recently frequently called for by certain political figures.

It is worth noting that during the previous July meeting, the two policymakers, Christopher Waller and Michelle Powell, who held a dovish stance, did not raise any objections in this meeting. This change has sparked market speculation about a possible adjustment in the internal stance of the Fed.

In this regard, Diane Swonk, chief economist at KPMG, commented in a media interview: "Clearly, Powell has successfully reached a consensus within the committee." This outcome not only reflects Powell's ability to coordinate but also indicates the Fed's policy direction under the current economic situation.

The high level of consensus in this resolution will undoubtedly have a significant impact on the financial markets. Investors and analysts are closely watching the Fed's future policy direction, as well as the potential effects of this decision on inflation, employment, and economic growth.
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AirdropGrandpavip
· 18h ago
Hmph, the new Milan is too arrogant.
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WhaleWatchervip
· 18h ago
This wave of the market is stable, bullish.
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OnchainFortuneTellervip
· 18h ago
Powell is awesome, really knows how to play.
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UncleWhalevip
· 18h ago
Bear Market creates wealth, bull run leads to death.
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