Skip to content
Subscriber Only

Fed Dissents Shifting From Hawks to Dove Signal New Path

To understand the direction that the Federal Reserve is taking in its new policy statement released today, look at who dissented -- and who didn’t.

Minneapolis Fed President Narayana Kocherlakota cast a dovish dissent, saying policy makers should have continued their asset purchases and done more to ensure inflation gets up to their 2 percent target. Last time it was hawkish Presidents Richard Fisher of Dallas and Philadelphia’s Charles Plosser, who voted against the September Federal Open Market Committee statement as being too downbeat about strength in the economy.