Jerome Powell still has one vote on whether rates go up — the same as Kevin Warsh
Powell is no longer Fed chairman, but he still has a vote on whether to raise interest rates.
Powell is no longer Fed chairman, but he still has a vote on whether to raise interest rates.
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Why it matters
Jerome Powell retaining a single vote on rate decisions after stepping down as Fed chair is a routine procedural fact with minimal immediate impact on monetary policy or market expectations.
Sources
MarketWatch
Jerome Powell still has one vote on whether rates go up — the same as Kevin Warsh
Powell is no longer Fed chairman, but he still has a vote on whether to raise interest rates.