The Fed's Family Feud and the Market's Warning Signs This week's Federal Reserve meeting was notable for its lack of interest rate changes and the renewed "family fight" among Fed officials.
Chairman Kevin Warsh declared that he got the kind of dissenting votes he wanted, but the question remains: what does this infighting mean for the Fed's credibility and its ability to tackle inflation?
Three regional presidents who voted against holding interest rates steady – Lorie Logan of Dallas, Neel Kashkari of Minneapolis, and Beth Hammack of Cleveland – are familiar with expressing concerns about monetary policy.