Former New York Fed President Dudley: The Fed's divergence is not that great

According to a report by Golden Finance, former New York Fed Chairman Dudley wrote that internal divisions within the Fed have been greatly exaggerated. He believes that last week was an exception and that the actions of these two directors did not weaken Chairman Powell's position. Dudley pointed out that Waller's request for the Federal Reserve to cut interest rates was due to his intention to replace Powell as chairman, while Bauman was due to his supervisory responsibility as vice chairman of the Federal Reserve. Dudley candidly acknowledged that although he has had some reservations about the Federal Reserve, including the flaws in its 2020 monetary policy framework and the failure to properly consider the costs and benefits of quantitative easing policy, he believes that the attacks on Powell's potential successors have gone too far.