FOMC minutes: Fed officials feared ‘entrenched' inflation- here's why 3 refused to cut

Core Viewpoint - The Federal Reserve has cut interest rates by a quarter percentage point, but the meeting minutes indicate a divided committee concerned about inflation potentially remaining above the 2% target permanently [1] Group 1: Federal Reserve Actions - The Federal Reserve reduced rates by 0.25 percentage points on December 10 [1] Group 2: Committee Concerns - The FOMC is facing significant internal divisions regarding inflation concerns [1] - There is a troubling possibility that inflation could become permanently stuck above the Fed's 2% target [1]