We all saw the headlines a week ago today, the Federal Reserve Board leaving interest rates unchanged. But Bottom Line analysts found some interesting side notes since then that will be interesting to follow in the months ahead, especially with the new Fed chairman.
Last week, 12 governors voted, and 11 voted to leave rates unchanged. The Fed governor, Stephen Miron, dissented in favor of a quarter-point rate cut. Three other committee members not voting, but letting it be known, Fed Reserve District Presidents, they came from Cleveland, Minneapolis, and Dallas, also dissented, opposing language showing a bias toward easing rates.
The four total descendants were the highest for any Fed meeting since 1992.
Audio Reporting by Mark Oppold for Southeast AgNet.