Fractured Fed: Why a Divided Central Bank Spells Danger for the U.S. Economy

The Fed Is Divided—and That’s Not a Good Sign In a rare public display of disunity, Federal Reserve policymakers are openly split on what to do next with interest rates—and the December 9–10 meeting is shaping up to be a battlefield. From newly appointed Governor Stephen Miran calling for deeper cuts to others warning about inflationary fallout, the once-unified messaging of the Fed is now fractured beyond recognition. Fed Chair Jerome Powell himself admitted there are “strongly differing views” on the path forward. Translation: the central planners are officially out of consensus and out of ideas. This is no small matter. When those in charge of managing the price of money can’t even agree on what the economy looks like,…