November 3, 2025
Article from Yahoo Finance by Jennifer Schonberger
Article Synopsis
Federal Reserve officials are openly questioning this week’s rate cut, warning that inflation remains too high and progress too fragile. Kansas City Fed President Jeff Schmid said he would’ve preferred to hold rates steady, arguing that a 25-basis-point cut does little for the labor market but risks undermining the Fed’s inflation-fighting credibility.
Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack voiced similar concerns, noting inflation is still hovering around 3% and not convincingly returning to the 2% target. Their remarks reinforce Chair Powell’s message that another rate cut in December is “far from” guaranteed and will depend heavily on incoming data.
