Fed Chair, DHS Opens

As expected, the Federal Open Markets Committee (FOMC) met this week and left rates unchanged, though the Committee saw an increase in dissent. Several members took issue with wording in the statement about a bias towards a cut.  Additionally, President Trump’s recent appointee, Stephen Miran, dissented by supporting a 25 bp cut in the target rate. 

This week saw the Senate Banking Committee vote to approve the president’s nomination of Kevin Warsh to be the next Federal Reserve ch...

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