What is FOMC?

The Federal Open Market Committee (FOMC) is the monetary policy body of the U.S. Federal Reserve System. The supplied material tracks a shift in its internal dynamics, with members increasingly voting independently rather than following the chair’s lead.

• May 2026 - Jim Bianco said Powell could be the swing vote at the June meeting, whether he likes it or not.
• May 2026 - Jim Bianco said the number of dissenters could rise from zero to three at one meeting, then to six or seven at the next.
• Jul 2026 - Jim Bianco said that due to attacks by Trump, FOMC members now assert their independence, assessing the economy and inflation and voting as they see fit, rather than waiting for the chairman to guide them.