The Federal Reserve's meeting minutes show significant divisions among decision-makers regarding the issue of interest rate cuts

According to Jinshi reports, the minutes of the Federal Reserve's October policy meeting show that there were significant divisions among decision-makers during last month's rate cut. Although policymakers warned that lowering rates could affect efforts to curb inflation, they ultimately decided to lower the rates. The minutes indicated that many participants supported a reduction in the target range for the federal funds rate, but some officials opposed the rate cut, expressing concerns that inflation might not return to 2% in a timely manner. Most participants believed that further reductions in policy rates could exacerbate inflation risks.