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Today — 10 December 2025Main stream

Fed Divisions Will Cloud Interest Rate Decision at Final 2025 Meeting

10 December 2025 at 18:03
The central bank is poised to lower interest rates on Wednesday even as a growing chorus of officials urge caution.

© Caroline Gutman for The New York Times

Jerome H. Powell, the Federal Reserve chair, has been able corral his colleagues to move as a cohesive group under complex economic conditions, but this meeting could be especially challenging.
Before yesterdayMain stream

Powell Faces Pressure From Multiple Fronts as Fed Prepares to Cut Rates

8 December 2025 at 18:03
The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.

© Caroline Gutman for The New York Times

The conundrum Jerome H. Powell faces in his final months as the Federal Reserve chair is unlike anything he has experienced in his eight-year tenure.
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