Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias

Warsh Faces Uphill Battle As FOMC Minutes Show Deeply-Divided Fed Against Easing Bias Tl;dr: FOMC Minutes confirm a deeply-divided Fed with a hawkish bias as "majority" saw hike likely warranted, "many" preferred removing easing bias. *  *  * Since the last FOMC meeting (Powell's last), on April 29th, stocks and the dollar are up, bonds and gold are down and oil has swung violently in between... Source: Bloomberg Expectations for Fed action this year has surged hawkishly from...