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Fed Dissenters Signal Warsh's Uphill Battle
Description
Federal Reserve policymakers maintained interest rates, but three regional presidents dissented, hinting at future rate cuts. This challenges Kevin Warsh, Trumps pick for the next Fed chair, who faces an uphill battle to rally the committee. The dissenters, Clevelands Beth Hammack, Minneapoliss Neel Kashkari, and Dallass Lorie Logan, objected to language about additional adjustments to rates, implying more cuts after last years three reductions. Warsh must build bridges fast to secure those rate drops.
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