Fed Mouthpiece: Fed's Disagreement on December Rate Cut Is Growing

BlockBeats News, November 12, Nick Timiraos, a Wall Street Journal reporter known as the "Fed's mouthpiece," stated that internal divisions within the Federal Reserve have cast a shadow over the path to rate cuts. During Fed Chairman Powell's nearly eight-year tenure, such a level of disagreement is almost unprecedented. Officials are divided over whether persistent inflation or a sluggish labor market poses a greater threat, and even the restoration of official economic data may not bridge the gap. Although investors still believe there is a high probability that the Fed will cut rates at the next meeting, this division has complicated a plan that seemed feasible less than two months ago.