The Federal Reserve has lowered interest rates three times this year, but the U.S. central bank does not appear to have unanimity on the path of a key policy decision heading into 2026.
For months, monetary policymakers have expressed diverging views on what the Fed should do about interest rates. While officials agree that the dual mandate—maximum employment and price stability—has been under threat in tandem, some have emphasized one side over the other.
Current employment trends suggest the labor market is not immaculate, says Fed board member Christopher Waller.
Speaking with CNBC at the Yale CEO Summit on Dec. 17, Waller has been arguing since the summer that it is time to gradually bring down interest rates. His primary support stems from weakening employment conditions….