"For now, it's not even clear who will be there. The meeting will likely include Lisa Cook, an embattled governor, unless an appeals court or the Supreme Court rules in favor of an effort by President Donald Trump to remove her from office. And it will probably include Stephen Miran, a top White House economic aide whom Trump has nominated to fill an empty seat on the Fed's board."
"Meanwhile, the U.S. economy is mired in uncertainty. Hiring has slowed sharply, while inflation remains stubbornly high. So a key question for the Fed is: Do they worry more about people who are out of work and struggling to find jobs, or do they focus more on the struggles many Americans face in keeping up with rising costs for groceries and other items? The Fed's mandate from Congress requires it to seek both stable prices and full employment."
"For now, Fed Chair Jerome Powell and other Fed policymakers have signaled the Fed is more concerned about weaker hiring, a key reason investors expect the central bank will reduce its benchmark interest rate by a quarter point on Wednesday to about 4.1%. Still, stubbornly high inflation may force them to proceed slowly and limit how many reductions they make."
The Federal Reserve faces uncertainty about who will attend its meeting, with Lisa Cook's status in doubt and Stephen Miran possibly joining the board. The U.S. economy shows mixed signals: hiring has slowed sharply while inflation remains stubbornly high. Policymakers must weigh the dual mandate of stable prices and full employment when choosing a path for interest rates. Fed officials have signaled greater concern about weaker hiring, prompting investor expectations of a quarter-point rate cut to about 4.1%. Still, persistent inflation may force a cautious pace of future reductions and shape quarterly projections.
Read at Fortune
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