dissent

Allies of Federal Reserve Chair Jerome Powell have laid the groundwork for him to push a rate cut through a divided committee at next month’s meeting even though it could draw multiple dissents.

Collins said that she hasn’t yet made up her mind on how she will vote in December, or whether she might dissent against a decision she disagrees with.

Economists think there will be a dissent from one or more Fed officials who want to hold interest rates steady.

In a scathing dissent issued the day after Brown’s ruling, 5th U.S.

Kansas City Fed President Jeffrey Schmid dissented from the October cut in favor of no change, while Boston Fed President Susan Collins said last week that continued slight restraint was appropriate.