Uncertainty over the war in Iran is expected to keep most Federal Reserve officials from changing their stance, making any dissenting votes more notable. As Jerome Powell nears the end of his tenure as Fed chair, divisions within the Fed are growing. Recently, President Trump’s appointees have broken away from the majority, with two Fed governors opposing a cut in interest rates at the last meeting. This week, all three could vote against cutting interest rates due to Iran-related concerns.
Source: https://www.wsj.com/economy/central-banking/powells-second-to-last-meeting-previews-an-increasingly-divided-fed-35f2c529