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The Federal Reserve’s minutes of a “rare major disagreement” are set to be released, and Warsh may find himself facing a rate-hike showdown.

MeNews
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ME News, May 20 (UTC+8), the Federal Reserve will reach a chairmanship transition point on May 22, while a meeting minutes released at 2:00 AM Beijing time on Thursday will reveal significant rifts within the policy-making layer. According to plans, Warsh will take his oath of office at the White House on Friday presided over by U.S. President Trump, while the minutes of the Federal Open Market Committee (FOMC) meeting held on April 28-29 become an important window for the outside world to observe policy differences before the power transition. These minutes correspond to the last meeting of Powell's tenure. Compared to the past, this record is considered the "most severe division in this generation," with clear opposition evident within the decision-making layer regarding judgments on the interest rate path and inflation situation. (Source: ODAILY)
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