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Fed's Powell: Expects dissents to be explained in next day or so.
“On the dissents, what you want from everybody, and also from a dissenter, is a clear explanation of what you’re thinking is, and what are the arguments you are making, and we had that today,” Federal Reserve Chair Jerome Powell says. https://t.co/ILnFr4Xw58
Chair #Powell on Bowman & Waller dissenting: "So, on the dissents, what you want from everybody and also from a dissenter is a clear explanation of what you're thinking is and what the arguments you are making. We had that today." https://t.co/QXcVx8XOZn
Federal Reserve Chair Jerome Powell said the two dissenting members of the policymaking committee—Governor Michelle Bowman and Governor Christopher Waller—offered clear, well-reasoned explanations for their votes at Wednesday’s meeting and are expected to publish fuller statements within the next day. Powell reiterated that the central bank continues to judge current monetary settings as “modestly restrictive” and cautioned that it remains too early to assess the full economic effects of the 145% tariff on Chinese goods that took effect in April.
