Fed widely divided on interest rates at July meeting

Fed widely divided on interest rates at July meeting

While Trump pushes for a federal rate cut, the US Federal Reserve is divided. Some officials pressed for a 0.5 percentage point cut, rather than the 0.25 percentage point reduction announced. Others resisted any change, according to the minutes released on Wednesday. The minutes show that the Fed did not discuss the president’s criticism.

Tom A
Tom A
Kyle G
Kyle G 5 months

The Fed is the enemy of the people.

H.R. Pufnstuf
H.R. Pufnstuf 5 months

Ah! The Hebrewburgs are at it again!

Mister Manager
Mister Manager 5 months

Don't cut the rate, it hurts people with savings and leads to mal-investment

michael zubas
michael zubas 5 months

this won't do much this time.

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