Incoming Federal Reserve Chair Kevin Warsh said during his confirmation hearing that he wants “messier” interest-rate-setting meetings, where a “good family fight” can lead to better economic decisions. The table is now set. On Wednesday, three members of the Federal Open Market Committee dissented over language in the central bank’s policy statement that telegraphs a bias toward cutting interest rates. Cleveland Fed president Beth Hammack, Minneapolis Fed president Neel Kashkari, and Dallas Fed president Lorie Logan all preferred language that shifts the Fed’s bias away from rate cuts toward holding rates steady at ... (full story)