Fed minutes show officials were in tight split over December rate cut

• “Most participants judged that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation declined over time as expected,” the document said.
• With that, though, came misgivings over how aggressive the FOMC should be in the future.
• “With respect to the extent and timing of additional adjustments to the target range for the federal funds rate, some participants suggested that, under their economic outlooks, it would likely be appropriate to keep the target range unchanged for some time after a lowering of the range at this meeting,” the minutes said.

Source: https://www.cnbc.com/2025/12/30/fed-minutes-december-2025.html