Powell showed that he is still “firmly controlled” after the meeting of the White House Advisor Miran 1

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The first meeting of Jerome Powell with Stephen Miran produced an unexpected majority to reduce interest rates by a quarter of a point, a sign of the ability of the Federal Reserve Chairman to build a consensus.

Before the Federal Open Market Committee meeting on Wednesday, some at Wall Street witnessed a deeper division, as Miran represents a possible vote for the third opposition to reduce half a point.

Instead, conservative Christopher, Eller and Michelle Bowman went with their fellow politicians, after opposition at the previous meeting, leaving Miran as a 11-1 vote.

in Bloomberg column on ThursdayThe former Federal Reserve Chairman of New York coach Bill Dodley said that “Powell is firmly controlled” on FOMC. He added that the central bankers who tend to maintain fixed rates to the Federal Reserve Chair and agreed to reduce.

Meanwhile, Bowman Waller, who were appointed by Trump, refused to follow the president’s progress for more severe prices.

“Their actions show integrity and commitment to the task of the Federal Reserve and the importance of maintaining the independence of the central bank,” Dodley wrote.

Others also highlighted the Wall Street, the margin of voting, especially given Trump’s attempt to shoot the governor Lisa Cook and his appointment to Miran, who did not step down as his role as an economic consultant for the White House.

Jeffrey Roche, chief economist at LPL Financial, said in a note on Wednesday that Decision 11-1 made a greater feeling unanimously than expected.

“At least it seems that most of them have stood behind Powell, and I am sure that this played at least in the rest and confidence that it seemed during the press conference,” said Susan Hill, a great portfolio director and head of the government liquidity group in Fadri Hermes, noting that while you expect the constant pressure from the White House.

Powell, whose virginity has expired in May, was dramatically retreating against Miran and the White House during post -shift notes.

When asked how seriously cut half a point, Powell said, “There was no wide support at all.”

He also expressed any remorse for the timing of the pieces – the first since December – despite Trump’s pressure and complaints related to him after it was too late.

“I think we were right to wait and see how customs tariffs, inflation and labor market developed,” said Powell.

The President of the Federal Reserve similarly reduced Miran Mainie for the third state of the Central Bank to target moderate prices in the long run.

Officials have already confirmed that other expatriates to stabilize prices and the maximum employment will lead to moderate rates in the long run as a secondary product.

Powell said on Wednesday: “We did not think about this for a very long time as a third state that requires a separate procedure,” Powell said on Wednesday. “This is the place it is. There is no idea, as much as I am concerned, there is nothing to consider looking at that we integrate in one way or another as something different.”

For his part, Miran CNBC said On Friday, he was only indicating what was in the law when it comes to the three federal reserve states.

He also admitted that he was strange at his first meeting, but he will have more time to hold his case at subsequent meetings.

Before joining the administration, Miran had previously called for changes to the Federal Reserve, which would erod its independence and said that her consensus approach should give way to more strong discussions.

But when asked about his first FOMC meeting – including his dynamics with Cook, who fights Trump’s attempt to shoot it – the sedan described a warm reception.

“Everyone was very welcome, very kind and very friendly. It was a very collective environment, and I really appreciate that – this includes the ruler,” CNBC told CNBC. “Everyone was very nice for me, and I can very much.”

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