Wealthion · Tuesday, July 28, 2026
Jim Bianco suggests the Federal Reserve committee is deeply divided on the issue of raising interest rates, predicting multiple dissents in upcoming meetings. He argues that the Fed chairman's influence has waned, with individual governors now making decisions more independently, a shift he attributes partly to political attacks on the institution.
“I'm expecting no rate hike, although I think they should.”
“There's a lot to see here because the Fed is fundamentally changing.”
“The biggest thing I see is that the chairman is 1/12th of the Fed. He used to be 90% of the Fed.”