{"id":49734,"date":"2025-07-31T09:42:16","date_gmt":"2025-07-31T09:42:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/49734\/"},"modified":"2025-07-31T09:42:16","modified_gmt":"2025-07-31T09:42:16","slug":"despite-double-dissent-jerome-powell-retains-his-hold-on-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/49734\/","title":{"rendered":"Despite double dissent, Jerome Powell retains his hold on markets"},"content":{"rendered":"<p data-component=\"paragraph\" class=\"css-1l5amll e1y9q0ei0\">For all the power it wields over the global economy, the Federal Reserve projects remarkable cool. Whereas rate-setters at other central banks frequently disagree with each other over the direction of monetary policy, <a href=\"https:\/\/www.economist.com\/by-invitation\/2025\/06\/30\/the-best-check-on-fed-politicisation-is-fear-of-being-judged-a-failure-says-richard-clarida\" rel=\"nofollow noopener\" target=\"_blank\">Fed policymakers<\/a> tend to stick together. That serenity is now being ruptured, just as President Donald Trump ramps up <a href=\"https:\/\/www.economist.com\/leaders\/2025\/04\/23\/president-trumps-attacks-on-the-fed-are-not-over\" rel=\"nofollow noopener\" target=\"_blank\">his attacks<\/a> on the Fed, and his tariffs put America\u2019s economy to the test. On July 30th two rate-setters, Christopher Waller and Michelle Bowman, voted against the majority decision to keep interest rates unchanged at 4.25-4.5%, preferring to cut them by a quarter of a percentage point instead. It is the first \u201cdouble dissent\u201d by governors on the Fed\u2019s board in more than 30 years.<\/p>\n","protected":false},"excerpt":{"rendered":"For all the power it wields over the global economy, the Federal Reserve projects remarkable cool. Whereas rate-setters&hellip;\n","protected":false},"author":2,"featured_media":49735,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,21674],"class_list":["post-49734","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-finance-economics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/49734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=49734"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/49734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/49735"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=49734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=49734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=49734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}