if you are interested in it , Get free samples :sales@edabearings.com

The two-day minutes released Wednesday showed that policymakers'opposition to the final decision to cut the benchmark interest rate by 25 basis points exceeded the 8-2 vote of the interest rate-setting group announced after the July 31 meeting.
Although "several" participants favoured a 50-point cut in interest rates to help raise inflation to the Fed's target level and mitigate the impact of Global trade tensions, more participants, described as "many" in the minutes of the meeting, agreed not to cut interest rates at all.
The depth of the debate has increased the risk of Fed Chairman Powell delivering the same signal in his speech at the annual policy conference in Jackson Hall, Wyoming, on Friday. It also shows that the Fed is not in a hurry to cut interest rates as dramatically as Trump demanded.
"I think to my surprise, their opinions diverge so much." Mary Ann Hurley, Vice President of Fixed Income Trading, D.A. Davidson, said, "We are really in an unknown field. What they really care about is doing or not doing the right thing.
The differences shown in the minutes indicate that if all participants have the right to vote, there may be more objections. Although Fed directors have permanent voting rights, only five of the 12 regional reserve bank presidents have voting rights at each meeting.
The minutes also showed that policymakers were generally concerned about the global economic slowdown, trade tensions and inflation sluggishness.
Since that meeting, the Fed has been under increasing pressure to cut interest rates, including President Trump's call on the Fed to cut interest rates sharply on Wednesday.

---

PREVIOUS:British Prime Minister Johnson will survive the G7 Summit        NEXT:HP announces that the CEO will leave in November