Analysis: Under Trump's pressure, Powell maintains the unity of the Federal Reserve

According to BlockBeats, on September 18, the biggest surprise of the Federal Reserve's latest interest rate resolution was: only one vote 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, with new director Milan being 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 successfully drove the cat together (together all disagreements)" said Diane Swonk, chief economist at KPMG.