[At Least Three Dissenting Votes Expected in the Fed's December Decision]
'Fed's Mouthpiece' Nick Timiraos pointed out that Federal Reserve officials are divided on the issue of interest rates. One faction is more focused on inflation risks, including four regional Fed presidents with voting rights this year and Fed Governor Michael Barr. The other faction is more concerned about the labor market, including three Fed governors appointed by Trump, who believe the risk of high inflation is still distant and worry that overreacting could trigger a recession. Regardless of whether the December meeting decides to keep rates unchanged or cut them by 25 basis points, at least three dissenting votes are expected.