India, May 1 -- It was almost 35 years ago, actually in 1992, when four members of the US Federal Reserve dissented against a majority policy decision. In effect, a third of the participants disagreed, three against a future indication, and one who wanted a reduction in interest rate. Although analysts are unwilling to give it a political

twist, a part of the division, 8:4 of the 12 members, hints at a huge message to President Donald Trump. This month, Chair Jerome Powell may lose his seat, although he plans to continue as a member. Trump's loyalist, Kevin Warsh, will take over, and most likely toe the president's line to reduce the rate.

For almost 16 months, Trump has pommelled Powell to reduce rates faster, and the former is fed up ...