Powell maintains Fed unity under Trump pressure

According to Bijie.com, on September 18 (UTC+8), it can be said that the biggest surprise of the Federal Reserve's latest interest rate resolution is: only one vote is against it. Fed Chairman Powell still succeeded in contributing to an almost unanimous consensus at this week's monetary policy meeting in an unfavorable situation. New director Milan is the only one to vote against a 25 basis point cut. Milan, a close ally of Trump, was sworn in as interim Fed director on Tuesday. His arguments against it are in favor of a larger rate cut—which Trump has been asking for for months. However, director Waller and Bowman raised dovish objections in July, but this time they did not make such a statement again. "It's obvious that Powell managed to get the cat together (and bring people who disagree together)," said Diane Swonk, chief economist at KPMG.