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Today — 16 December 2025Main stream

Cooling Labor Market and Elevated Inflation Stoke Fed Divisions on Rate Cuts

12 December 2025 at 23:28
Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point.

© Caroline Gutman for The New York Times

The divisions on the Federal Reserve have forced Jerome H. Powell, the Fed chair, to navigate the difficult task of trying to reach a consensus among his colleagues.

Jobs Data Is Finally Back. But the Economic Picture Is Still Blurry.

16 December 2025 at 18:03
November’s job report may be distorted as a result of the government shutdown, limiting how much it will influence the Federal Reserve’s next interest rate decision in January.

© Caroline Gutman for The New York Times

Jerome H. Powell, the Federal Reserve chair, warned last week that policymakers would have to take the November data lightly.
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