Federal Reserve chair Jerome Powell. Photo: Getty
The US Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and his chief critic, US president Donald Trump, see the economy.
The Fed itself, to be sure, is increasingly divided over its next steps, and many economists expect that two members of the Fed’s governing board – both appointed by Mr Trump – could dissent in favour of cutting rates. If so, that would be the first time two governors vote against the chair since 1993.
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