Fed spokesperson: Whether to cut interest rates in December will see at least 3 opposing votes.

[Fed Mouthpiece: At Least 3 Votes Against Rate Cut in December] “Fed Mouthpiece” Nick Timiraos pointed out in an article that Fed officials are facing a challenge in how to resolve the discrepancies regarding the Interest Rate. He listed two factions within the Fed, one of which is more concerned about inflation issues, and this group has recently expanded to include four regional Fed presidents who have voting rights this year, as well as Fed Governor Barr. The other faction is more worried about the labor market, including all three Fed Governors appointed by Trump, who are concerned that their colleagues may overemphasize the risks of persistently high inflation, leading to unnecessary recession risks, and they believe that high inflation is still far off. Nick stated that regardless, at least three individuals will likely have differing opinions at the December meeting, with the three Trump-appointed officials opposing keeping the Interest Rate unchanged; if the Fed cuts the rate by 25 basis points, opposition votes will also reach at least three.