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

'Federal Reserve Mouthpiece' Nick Timiraos pointed out in an article

that Federal Reserve officials face a challenge

on how to resolve the divergence on interest rates

He listed the two factions within the Federal Reserve

One faction is more concerned about inflation issues

This group's size has recently expanded

It includes four regional Fed presidents with voting rights this year

and Fed governor Barr

Another faction of officials is more worried about the labor market

They include all three Fed governors appointed by Trump

They are concerned that their colleagues will overemphasize the risks of persistently high inflation

Which could lead to unnecessary risks of economic recession

And they believe that high inflation is still far off

Nick stated that, regardless, the December meeting

may have at least three people holding differing opinions

The three Trump-appointed officials will oppose maintaining interest rates

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