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The Fed’s Recent Rate Decisions Have Been Divisive. It Is Likely to Get Worse.

The last three policy votes have featured some form of dissent, as officials grapple with how to weigh a softening labor market and resurgent inflation.

© Caroline Gutman for The New York Times

Jerome H. Powell, the Federal Reserve chair, center, said recently that policymakers at the central bank held “strongly differing views” about whether to proceed with another interest rate cut.
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