Yellen Powers of Persuasion Face Test to Avoid Liftoff Dissents

  • Fed tries to display unity at key turning points in policy
  • An FOMC statement emphasizing gradual might win doves' support

Janet Yellen, chair of the U.S. Federal Reserve.

Photographer: Andrew Harrer/Bloomberg

Janet Yellen says she tolerates dissent. But judging from 20 years of Federal Reserve history, the Fed chair will use all her powers of persuasion to secure unanimous support for an interest rate increase if she decides to pursue one next week.

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