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The Fed is divided on how fast to cut rates. The recap of its last big meeting may give us the inside scoop
The Federal Reserve is a house divided on how aggressively to cut interest rates - and a fresh recap of their last meeting could give Wall Street more clues on just how divided they are. The central bank last month cut interest rates for the first time this year to help shore up a wobbling U.S. jobs market. The vote was a lopsided 11-1. The only dissenter was Stephen Miran, the former economic adviser to President Donald Trump who argued for an even steeper cut. He was rushed onto the Fed by Republicans just two days before the vote. What senior Fed leaders were far less in agreement on was whether they should cut ... (full story)
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