Major Conflicts Within the Fed: Two Members Make Conflicting Statements Regarding the Next Interest Rate Decision

Expectations for a rate cut at the Fed's December meeting are leading to a clear division within the institution. Fed member Lorie Logan maintained her hawkish stance, stating in December that she would not support another interest rate cut. Logan had also opposed the cut at the October meeting, highlighting the risks of high inflation. In his statement, Logan stated that inflation is still above target and the upward trend continues: “Looking at the December meeting, it’s hard for me to support another rate cut unless we see strong evidence that inflation is falling faster than I expected, or a more significant cooling in the labor market than a gradual slowdown.” Related News: Death Cross Alert in Bitcoin (BTC) - Watch Out for Tomorrow, Analyst Warns Meanwhile, fellow Fed member Stephen Miran adopted a more dovish stance, arguing that recent data provided a strong case for a rate cut. In...

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