The internal consensus mechanism of the Federal Reserve is facing collapse, and the outlook for interest rate cuts is unclear

According to Jin Ten's report, "Fed's mouthpiece" Nick Timiraos wrote that Trump is expected to appoint a new Federal Reserve chairman in May next year, after which interest rates will drop significantly. However, opposition within the Federal Reserve to a rate cut in December is growing, and Powell is facing the most serious internal resistance in nearly eight years of his tenure. Evercore ISI economist Krishna Guha stated that the decision-making process is breaking down, and we may see a serious division within the committee next year, with three or more dissenting votes possible at the December meeting.