The Illusion of “Consensus” in Monetary Autocracy The headline claims that Fed officials “were strongly inclined to lower interest rates”, and that the dispute boiled down to how many cuts, not whether. But that framing hides the deeper problem: central planners act as if they can fine‑tune economic outcomes by shifting a few decimal places on policy rates. In truth, even the narrow 10–9 split underscores that their technocratic pretense cannot mask fundamental uncertainty. They speak of a “restrictive stance” and “neutral setting”, as though rates are some mechanical throttle on an engine. But the market doesn’t obey such commands without friction — price signals, expectations, credit flows all push back. The fact that only a slight majority favors two…
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