Fed's Warsh says he wanted a policy 'family fight' and got it
SPY•Warsh says dissent is part of the process
NEW YORK, July 29 (Reuters) - Federal Reserve Chairman Kevin Warsh said on Wednesday the dissenting votes at the latest monetary policy meeting are a sign of a good policymaking process.
Referring to the three dissenting votes favoring rate hikes versus the Federal Open Market Committee decision to hold the federal funds rate steady, Warsh said at a press conference that “I asked for a good family fight, and I got one. That's the purpose. That's the design feature,” adding “there was a large majority support for the decision that we made in the room.”
