The Zhitong Finance App learned that Federal Reserve Chairman Powell downplayed the opposition to the decision to cut interest rates again on Wednesday, but a series of details of the meeting showed that differences within the Federal Reserve were already very serious. Powell backed up the public debate and forcibly passed a resolution to cut interest rates by 25 basis points. A number of regional Federal Reserve chairmen who participated in discussions but were not members of this year's voting committee also expressed opposition to interest rate cuts. These cracks may indicate difficult problems in 2026, when the new chairman may face greater challenges than Powell in forging consensus at the Federal Reserve.

The Zhitong Finance App learned that Federal Reserve Chairman Powell downplayed the opposition to the decision to cut interest rates again on Wednesday, but a series of details of the meeting showed that differences within the Federal Reserve were already very serious. Powell backed up the public debate and forcibly passed a resolution to cut interest rates by 25 basis points. A number of regional Federal Reserve chairmen who participated in discussions but were not members of this year's voting committee also expressed opposition to interest rate cuts. These cracks may indicate difficult problems in 2026, when the new chairman may face greater challenges than Powell in forging consensus at the Federal Reserve.