Federal Reserve Bank of Cleveland President Beth Hammack was a dissent at the Federal Open Market Committee (FOMC) on Wednesday, saying "No" to a rate cut. Preferred a hold.
I'll come back to this.
The Wall Street Journal's Fed insider Nick Timiraos (who gave us the scoop on what was coming before it happened) has posted this;
From 3 to 15! That's 5x! A huge jump.
My question is, why was Hammack the only dissent? Groupthink alert folks ...