Bloomberg: The Federal Reserve has never been so divided on its long-term interest rate strategy.
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TL;DR
Bloomberg reports the Federal Reserve faces unprecedented internal division over its long-term interest rate strategy, with officials split on further cuts and future actions after recent reductions.
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Federal Reserveinterest ratesBloombergmonetary policyeconomic strategy
According to a Bloomberg report on December 2nd, after cutting interest rates by more than one percentage point, Federal Reserve officials are now considering where to stop—but are finding internal disagreements greater than ever before. Over the past year or so, expectations regarding where interest rates should ultimately fall have seen their biggest divergence since at least 2012 (when the Fed began publishing its projections). This has led to an unusually open split: whether to cut rates again next week, and what actions should be taken afterward.