Breitbart Business Digest: The Fed's Civil War Over Tariffs, Inflation, and Jobs

The Fed’s Fault Lines: Tariffs, Labor, and the Battle Over the Next Cut

Yesterday we explored how the battle over rate cuts has scrambled old alliances inside the Federal Reserve. Today we look closer at what’s driving that split and what it means for markets .

The fault lines no longer run neatly between “hawks” and “doves,” or even between Republican and Democratic appointees. Instead, they cut across both camps, forming unlikely coalitions around two questions: Are tariffs creating durable and significant inflation risks? And is the labor market showing hidden weakness or still running strong?

These are not academic disputes. They will decide whether the Fed cuts again in December —or whether Powell’s next move is to hit pause. What follows is a look inside this strange new a