Why some Fed voting members hold more influence than others

September 22, 2016 5:07 AM

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WASHINGTON — Janet Yellen’s Federal Reserve has demonstrated one of the core tenets of central banking: On the Fed panel that sets interest rates, some votes are more equal than others.

The panel — the Federal Open Market Committee — voted Wednesday to keep rates unchanged, something it’s done for six straight meetings. What was unusual this time was that the result drew dissenting votes from three members — the most dissents in nearly two years.

Also read: Trump to Nominate Richard Clarida, Michelle Bowman to Fed Board

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