SPECIAL REPORT: Chaos At The Fed? Record Dissents In Powell's Last Meeting | Axel Merk

A few hours ago, the Federal Reserve Open Market Committee announced that it’s leaving its policy rate unchanged for the time being. As expected.But there was a record number of dissents this time, as fears the Iran war will re-stoke inflation and compromise supply chains took center stage.This was also Jerome Powell’s last ride as Fed Chair. Next time, the Fed will under the new leadership of Kevin Warsh — who promises to take a very different approach to running the FMOC.To make sense of it all, Fed-watcher Axel Merk returned this afternoon for a livestream to offer his reaction.

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