At this meeting, there were strongly differing views about how to proceed in December. A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.Policy is not on a preset course. Okay. Fed chair drone Powell throwing some cold water on investor hopes for more rate cuts this year, saying the board was deeply divided on how to proceed.But the central bank did cut on Wednesday, bringing interest rates below 4% for the first time since 2022. All right, Larry, you c ...