The Federal Reserve's December meeting minutes will be released tonight, revealing details of the decision-makers' disagreements

BlockBeats News, on December 31st, at 3 a.m. Beijing time on Wednesday, the Federal Reserve will release the minutes of the December 9th to 10th policy meeting, revealing increasingly internal disagreements among decision-makers. Under the dual pressures of inflation and employment, the Fed’s next move remains uncertain. The decision to cut interest rates by 25 basis points in December sparked three dissenting votes—two from regional Fed presidents who believed a rate cut was unnecessary, and one from Fed Governor Milan, who since joining the Fed in September has been the only one advocating for a significant 50 basis point cut for the third time. Fed Chair Jerome Powell stated after the meeting that “there are strong differing opinions” on which of the two risks requires more policy attention. For next year, there is even greater disagreement among policymakers regarding the direction of interest rates, with some even considering holding rates steady as appropriate. Among the 19 Fed policymakers, six see a 3.9% rate as appropriate by the end of 2025, a level higher than the rate after the actual cut.