Fed Officials Dissent on Rate Cut
Update: 2025-12-12
Description
Two Federal Reserve officials, Austan Goolsbee and Jeff Schmid, recently dissented from the central banks decision to lower interest rates. Goolsbee, from the Chicago Fed, voted against the cut due to his desire for more inflation data, while Schmid, from the Kansas City Fed, maintained that inflation remains too high. The Feds decision to cut rates by a quarter of a percentage point highlights the ongoing debate within the central bank about the best path forward for the nations economy.
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