Federal Reserve Minutes Reveal Division Over Rate Cuts

#WashingtonDC, #USA
Donald Trump plans to name a new Fed chair in January as the Supreme Court prepares to hear a case regarding his attempt to fire Governor Lisa Cook.The moves follow the release of December meeting minutes showing officials were deeply divided over a quarter-point interest rate cut to a range of 3.5% to 3.75%.Policymakers cited data gaps from a 43-day government shutdown while Jerome Powell faced renewed criticism from Trump ahead of the end of his term.
Published:5h |Updated:4h
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