Most Fed officials see more rate cuts ahead as long as inflation cools, minutes reveal
New York Post·2025-12-31 06:13

Most Fed officials believe additional interest rate cuts are appropriate as long as inflation continues to cool, according to minutes from the Federal Reserve’s meeting of Dec. 9 and 10.Policymakers slashed interest rates earlier this month to a target range of 3.5% to 3.75% in a 9-3 vote – the most dissents since 2019 as officials debated whether to prioritize inflation fears or concerns around the labor market.Fed Governor Stephen Miran dissented in favor of a more aggressive half-point cut, while Chicago ...