A split is emerging within the Federal Reserve, making it difficult to determine when interest-rate cuts are needed. The central bank’s officials disagree on which poses a greater threat: persistent inflation or a sluggish labor market. This division has little precedent during Jerome Powell’s nearly eight-year tenure as chair of the Fed.
Source: https://www.wsj.com/economy/central-banking/the-fed-is-increasingly-torn-over-a-december-rate-cut-48a26aad