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The Federal Reserve’s “rare major divergence” minutes are about to be released; Waller may face a rate-hike showdown

MeNews
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ME News message: On May 20 (UTC+8), the Federal Reserve will reach a chairmanship transition on May 22, and minutes from a meeting released at 2:00 AM Beijing time on Thursday will reveal clear rifts within the policy-making level in advance. According to the schedule, Warsh will be sworn in at the White House this Friday, presided over by U.S. President Donald Trump, while the minutes of the Federal Open Market Committee (FOMC) meeting held from April 28 to 29 will serve as an important window for outside observers to assess policy disagreements before the power transition. These minutes correspond to the last meeting during Powell’s term. Compared with previous records, this one is considered “the most divided among this generation,” with the decision-makers showing clear opposition regarding judgments on the interest-rate path and the inflation outlook. (Source: ODAILY)
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