The Fed's Interest Rate Decision Faces a "Hawk-Dove Dance," a First in Many Years

BlockBeats News, October 30th, the latest Federal Reserve interest rate decision encountered a rare scenario of "hawk-dove dovetail": Governor Stephen Milan advocated for a more aggressive rate cut for the second consecutive meeting, suggesting a one-time 50 basis point cut instead of the actual 25 basis point cut; at the same time, Kansas City Fed President Schmid took a hawkish stance, opposing any rate cut and advocating for keeping the rate unchanged. This kind of dual-opinion meeting last occurred in September 2019, reflecting a significant divergence within the Fed on the economic outlook. (FXStreet)