美联储内讧炸锅！再降息前景不明，19人7反10挺，今年两票委犹豫

Core Viewpoint - The Federal Reserve has implemented its first interest rate cut of the year by 25 basis points, revealing internal divisions among its officials regarding future monetary policy direction [1][14]. Group 1: Internal Divisions - There is a split among Federal Reserve officials, with 7 opposing further rate cuts and 10 supporting a more aggressive approach, indicating uncertainty in future policy decisions [1][7]. - Officials like Vice Chair Bowman and Governor Milan advocate for faster and larger rate cuts, while others express concerns about the potential risks of such actions [1][10]. Group 2: Economic Concerns - The core inflation indicator remains above the 2% target, raising fears that aggressive rate cuts could lead to renewed spending and inflation, undermining previous efforts to stabilize prices [5][16]. - There are signals of a weakening job market, with only 20,000 new jobs added in August, raising concerns about the balance between combating inflation and supporting employment [7][16]. Group 3: Political Influences - Milan's extreme position for a 50 basis point cut is viewed as politically motivated, reflecting external pressures from former President Trump, who has historically called for more aggressive rate cuts [9][10]. - The Federal Reserve's independence is emphasized, with officials cautioning against political interference in monetary policy decisions, which could lead to misjudgments and increased risks [10][14]. Group 4: Future Outlook - The current policy divergence reflects the complex economic landscape, with persistent inflation pressures and a softening job market, necessitating a careful approach to future monetary policy [16]. - As more economic data becomes available, the Federal Reserve aims to find a balanced path that supports stable economic growth while managing inflation risks [16].