Powell Power

Of all FOMC votes cast during Paul Volker’s tenure as Chair of the Fed, 10.7% were dissenting. During the Greenspan years, the dissenting vote percentage fell to 4.8%. During Bernanke’s time as Head Fed, dissenting votes were 7%, and during Yellen’s era, dissents remained essentially unchanged at 7.1%. However, since the Powell period began, dissents have been a miniscule 2.6% of votes cast. Listen to Powell, ignore all the others.