WASHINGTON—The Federal Reserve’s September meeting minutes show policymakers were split on the pace and size of future rate cuts.
While opinions varied, most officials agreed that additional rate reductions would likely be appropriate before the end of 2025, according to the summary of the Sept. 16–17 Federal Open Market Committee meeting released Wednesday, Yahoo Finance reported.
As CUToday.info reported, the Fed at that meeting decided to reduce rates by a quarter point, in its first reduction of 2025.
Most Fed officials supported cutting rates at the September meeting, citing rising risks to employment, but others remained wary about stubborn inflation — underscoring the policy divide within the central bank. A minority favored leaving rates unchanged, warning that stalled progress could cause inflation expectations to drift higher if the Fed fails to reach its 2% goal soon. Meanwhile, one participant—widely believed to be new Governor Stephen Miran—advocated a bolder move, calling for a half-point cut, Yahoo Finance noted.