Fed Policymakers Divided on Interest Rates

Federal Reserve policymakers face internal division over interest rate cuts, with two dissenting votes in October, marking a significant shift from Chair Jerome Powells usual consensus. This disagreement stems from uncertain economic conditions and questions about former President Trumps trade policies. The divided Fed could impact its effectiveness and credibility, potentially leading to a more politicized central bank. Chair Powell acknowledges these differing views, which are expected to persist through his term, making it harder for Wall Street to predict the Feds next moves.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.