The federal reserve is about to hold a very embarrassing meeting

The meeting of the Federal Open Market Committee will start for two days on Tuesday. On Wednesday afternoon, it will announce the policy decision. according to Fedwatch CME toolPrice the markets in 96.4 % possibilities to reduce a quarter -point points and 3.6 % possibilities to reduce half a point. The analog rate is currently 4.25 % -4.5 %.

The average announcement will also be accompanied by the so -called “point plot” of new expectations for rates, inflation and GDP growth of federal reserve officials. The Chairman of the Board of Directors, Jerome Powell, will hold a press conference shortly.

While there is little doubt about the results of the Federal Reserve meeting, there are still questions about who will vote exactly – identifying some very embarrassing dynamics.

Stephen Miran: Why not both?

Republicans in the Senate hope that Stephen Miran is affirming as a ruler of the Federal Reserve on Monday so that he can participate when the meeting begins on Tuesday.

His decision not to resign from the role of his economic advisor in the White House while working in the Federal Reserve, and instead, he was unprecedented, as critics say he leaves him vulnerable to pressure from President Donald Trump – who is already trying to shoot the Governor Lisa Cook.

Miran also criticized the approach based on the consensus of the Federal Reserve and accused him of “collective thinking”. Before joining the administration, he suggested reforms that would weaken independence in the federal reserve and argued that monetary policy would be better with some arguments.

Will his new colleagues be torn on his first day?

Either way, prepare for more disputed sounds instead of typical consensus decisions. On Friday note, the US head of economy at JPMorgan Michael Felly said he expected to present the next meeting two or three opponents to reduce greater.

At the last federal reserve meeting of the Federal Reserve, the Federal Reserve Governors exploded Christopher, Er and Michel Bowman, from other policy makers by calling for a quarter of a point to reduce. Veruli said that they could once again oppose the vote to reduce half a point, as Miran is expected to “oppose” greater reduced “.

It remains to see how long will Miran be in the federal reserve. But noting last month, JPMorgan said His appointment to the Federal Reserve Bank “It nourishes an existential threat, as it seems that the administration aims to always aim at the Federal Reserve Law to change the US monetary and regulatory authority permanently.”

Lisa Cook: “The Federal Reserve Independence has ended”

Another question mark is whether Cook will be at the FOMC meeting. After Trump took the unprecedented step in shooting her, claiming that the mortgage fraud was filed a lawsuit against her in office. Cook denied the accusations and said Trump’s attempt to overthrow her was illegal.

In addition to Trump, Cook’s lawsuit also named the Board of Governors at the Federal Reserve, including Powell, as defendants. While her Federal Reserve colleagues did not participate in her dismissal, Powell has been named in the lawsuit “to the extent that any ability to take any action to stir up the alleged end of President Trump to the ruler.”

A federal court sided with cooking, saying that it could serve while meeting litigation, and New evidence appeared That undermines Trump’s accusations against. But the Trump administration is fighting the decision in the Court of Appeal.

During the weekend, the lawyers presented to both sides new arguments. the The administration said It seeks to ensure “federal reserve safety”. Cook team Trump said, “” The ruling “said that he could shoot the other conservatives” likely to be shot. “

“The era of the federal reserve independence may end. The risks to the nation’s economy may be harsh,” the file said.

If Cook is cleared to participate in the FOMC meeting, it may be embarrassing to discuss monetary policy with the people you also sue. But since central bankers give priority to delegating the dual Federal Reserve, they are likely to be considered information technology, not a personal.

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