Fed officials split on Iran conflict, Powell stays on Fed Board after chair term ends. Minneapolis Fed in news for policy independence guardrails. Short bio: Neel Kashkari leads Minneapolis Fed, Republican-era appointee focused on inflation and jobs.
Fed policymakers have maintained rates while considering the impact of Iran’s war on energy prices and inflation. Dissenters warn a bias toward easing may be inappropriate if the economy weakens, signaling potential rate adjustments depending on the energy shock.