The central bank’s decision to lower interest rates last month was more divisive than it first appeared as officials splintered over how to weigh a weakening labor market against rising inflation.
Surveys were delayed and some cannot be collected at all, officials said, further complicating the Federal Reserve’s decision on interest rates next month.
New York’s attorney general, Letitia James, and a Federal Reserve governor, Lisa Cook, sought to publicize the role of the housing official, Bill Pulte, in executing President Trump’s retribution agenda.
The regulator is cutting staff and easing oversight in ways that critics say might make supervisors less equipped to spot a crisis in advance, risking deeper damage to the economy.
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