There's a broad disagreement within the Fed: Lael Brainard (Vice Chair) is positioned near the most dovish end while Powell is positioned near the most hawkish end, at 'wide ends' of the spectrum; historically they would be closer to the middle, indicating extraordinary tension.
factualpending
Speaker
James BiancoEvidence Quote
“the vice chairman, Lael Brainard, near if not the most dovish, and the chairman, J. Powell, if he's not the most hawkish, he's very close to it. They're not somewhere in the middle anymore. They're at wide ends.”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
My Notes
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