Dissents, oil shocks, and the future of the Fed: 3 takeaways from Powell's last rate decision as chair

Jerome Powell’s final Federal Reserve meeting as chair saw the most dissenting votes in over two decades, highlighting deep divisions among committee members on how to address inflation amid ongoing supply shocks like the Iran war. Powell will remain a Fed governor but pledge not to interfere as "shadow chair," underscoring the delicate balance of power and independence within the central bank as Kevin Warsh prepares to take over.

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