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Fed Officials Split on Future Rate Cuts Amid Shutdown

10/31/2025

Summary

Story summary

Federal Reserve officials reveal a policy split after the rate cut, naming Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack.
Logan and Hammack oppose further cuts, citing inflation remains high and the labor market is stable.
Fed Chair Jerome Powell acknowledges the divide, saying a December rate cut is not a foregone conclusion.
The ongoing government shutdown clouds data collection, complicating the Fed's decision-making process.

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Story summary

Federal Reserve officials reveal a policy split after the rate cut, naming Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack.
Logan and Hammack oppose further cuts, citing inflation remains high and the labor market is stable.
Fed Chair Jerome Powell acknowledges the divide, saying a December rate cut is not a foregone conclusion.
The ongoing government shutdown clouds data collection, complicating the Fed's decision-making process.