Powell’s December Warning Exposes Hardening Divisions at Fed

Federal Reserve Chair Jerome Powell signals no December interest-rate cut, highlighting internal divisions over job market slowdown and persistent inflation. Markets react, with Treasury yields jumping and December rate cut likelihood dropping. Political pressure mounts as President Trump pushes for faster rate cuts, potentially straining the Fed's independence. Upcoming voting member rotation could further complicate decision-making, making the Fed's usually steady process look shakier than ever.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.