Axios
Two President Trump-appointed Fed officials favor interest rate cuts as soon as next month. Seven of their colleagues don’t envision cutting rates this year at all.
It amounts to the biggest divide over the proper course for policy in years, one with delicate political optics as the Trump administration and some Republican lawmakers beat the drum for lower rates.
The tension boils down to whether the Fed should hold back from adjusting policy, despite falling inflation in backward-looking data, because of the inflation risks ahead due to tariffs.
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