The US Federal Reserve announced a rate cut this week, lowering its benchmark interest rate by a quarter percentage point to a range of 3.75% to 4.00%. But the decision has faced resistance from several top Federal Reserve official, Reuters reported. While some believe more rate cuts are needed to support a weakening job market, others feel inflation is still too high to justify further easing.

The growing rift has made things complicated for Fed Chair Jerome Powell , who has six months left in his term and is trying to hold the committee together on what should come next.

Fed officials divided over rate cut

Dallas Fed President Lorie Logan said on Friday that she didn’t think cutting rates this week was the right move. “I did not see a need to cut rates this week,” she told a banki

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