Analysis: Fed infighting may tear apart asset pricing, and interest rate cuts may become a possible path for compromise.

According to news from CoinWorld, the Fed is often criticized for overly pursuing consensus, and now its interest rate decisions may face a series of dissenting votes. This would not only weaken the effectiveness of policy communication but also intensify external doubts about its independence. Regardless of the final outcome, it is highly likely that multiple opposing votes will appear in this month's meeting. Among the 12 voting members of the Fed's interest rate-setting body—the Federal Open Market Committee (FOMC)—as many as 5 have expressed opposition or skepticism towards further rate cuts, while 3 core members of the board support rate cuts. Analysts believe that if the FOMC's policy statement and Powell's post-meeting press conference include wording about a possible pause in monetary easing, rate cuts may become a potential path to compromise. In the final statements before policymakers enter the “communication blackout period,” rate cut skeptics maintain an open attitude; however, Waller, who has been pushing for rate cuts since noticing a slowdown in the labor market last summer, stated that the decision on whether to continue rate cuts after December will depend on the large amount of data that statistical agencies will complete after the record 43-day government shutdown.