Fed minutes reveal rift over future rate moves
Minutes from the Jan. 27-28 FOMC meeting show a clear split among policymakers on the path for rates: some want further cuts if inflation cools, others urge holding rates for now, and a few even floated hikes if inflation stays above target. The decision to hold was marked by dissent from two governors, even as most officials noted signs of labor-market stabilization. Recent data—strong job gains and a softer CPI—keep the outlook mixed. With Powell nearing the end of his term and Kevin Warsh eyed as a successor, the policy path remains unsettled ahead of upcoming meetings.
