Federal Reserve Mouthpiece: Whether to Cut Rates in December Will Have at Least 3 Opposing Votes

"Federal Reserve Mouthpiece" Nick Timiraos pointed out in the article

that Federal Reserve officials face a challenge

of how to address the divergence in interest rates

He outlined the two factions within the Federal Reserve

One faction is more concerned about inflation issues

This group's size has recently increased

This includes four regional Federal Reserve presidents with voting rights this year

and Federal Reserve Governor Barr

The other faction is more worried about the labor market

They include all three Federal Reserve Governors appointed by Trump

They are concerned that their colleagues may overemphasize the dangers of persistently high inflation

Which could lead to unnecessary economic recession risks

And they believe that high inflation is still far off

Nick stated that, in any case, the December meeting

will likely have at least three dissenting opinions

The three officials appointed by Trump will oppose maintaining interest rates unchanged

And if the Federal Reserve cuts rates by 25 basis points, the opposing votes will also reach at least three votes