Julie K. Smith, Frank Lee and Edna M. Smith Professor of Economics and assistant department head, was quoted in the Aug. 16 edition of Marketplace about the rarity of dissent among the Federal Open Market Committee members.

Smith, a frequent guest on American Public Media’s flagship business news program, noted there’s good macroeconomic reason why dissent is rare on the 12-member committee, which makes key decisions about interest rates.

“If there’s more dissent in a policymaking decision by the Fed, that can lead to more volatility in financial markets,” Smith said.

Read the full Marketplace report.

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