Fed's Rate Cut Dilemma: Disunity Amidst Economic Uncertainty

The Federal Reserve is poised to cut interest rates for the third consecutive time, with Chair Jerome Powell facing challenges due to differing opinions among policymakers. Despite growing dissent, Powell is expected to push for lower rates, potentially causing further division within the Fed. As the next Fed chair prepares to take office in May, the challenge of uniting colleagues will likely become even more complex.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.