Kevin Hassett is the leading candidate to succeed Jerome Powell as Federal Reserve Chair when his term concludes in May.

Because the number of meetings has changed over time and the FOMC does not always have 12 voters, I have collated the annual dissent rate in the chart below. The Fed generally reaches consensus, with only 15 per cent of voters dissenting in the peak year of disagreement in 1979. That is the equivalent of a 10-to-two vote.

U.S. economic activity was little changed in recent weeks, though employment was weaker in about half of the Federal Reserve's 12 districts and consumer spending declined, the U.S. central bank said on Wednesday,

Treasuries slipped ahead of US data expected to show a rebound in inflation pressures, which would dent speculation over Federal Reserve interest-rate cuts.

Treasury securities trends are often a strong indicator of how investors think the Fed will steer the economy. And by that measure, the markets are expecting falling interest rates and decent growth.

America at 250 could look at the best examples of public service—public service in which the governmental institution expired after encouraging the private sector.

Treasury yields edged lower, with the 10-year nearing 4%, as data affirming labor-market weakness and remarks from Federal Reserve Governor Stephen Miran bolstered expectations for an interest-rate cut next month.

Bankers played a pivotal role in creating the Federal Reserve, far beyond public knowledge. Through secret negotiations and financial maneuvering, they set up a system that influences every dollar in the US economy.

The strong economic data pushed the US dollar index to nearly a six-month high on Friday. The index remained above the 100 level on Monday, making gold more expensive for buyers holding other currencies and restricting demand. Geopolitical concerns have also eased in recent days, further reducing gold’s safe-haven appeal.