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The Federal Reserve's interest rate decision saw a divergence of opinions for the first time in many years.
2025-10-29 18:19

Odaily Planet Daily reports that this Federal Reserve interest rate decision saw a rare "hawkish-doveish" split: Governor Stephen Milan, for the second consecutive meeting, advocated for a more aggressive rate cut, arguing for a 50-basis-point cut instead of the actual 25-basis-point reduction; meanwhile, Kansas City Fed President Schmid took a hawkish stance, opposing any rate cut and advocating for maintaining the current rate. This kind of two-way disagreement last occurred in September 2019, reflecting a significant divergence in the Fed's assessment of the economic outlook. (Jinshi)