Fed Officials Debate Rate Cuts Amid Inflation Concerns
Update: 2025-12-12
Description
Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeffrey Schmid recently dissented from a Federal Reserve rate cut, advocating for more economic data and a focus on inflation. Goolsbee suggested rates could be significantly lower by 2026, but cautioned against assuming inflation will fade on its own. Schmid argued that inflation remains too high and the economy still shows momentum, pushing back against quick, aggressive easing. The Fed has signaled a potential pause in coming months, which could frustrate former President Donald Trumps calls for sharper reductions in borrowing costs.
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