Fed policymakers are increasingly divided

The central bank cut rates by 25 basis points for the 3rd time this year.

Author

Global Markets Investor
December 11, 2025

In partnership with

🔥🔥GLOBAL MARKETS INVESTOR PORTFOLIO — UP 60% SINCE JANUARY 2024 DURING THE MARCH-APRIL 2025 MARKET TURMOIL, MAJOR US INDEXES FELL NEARLY 20%, WHILE THE GMI PORTFOLIO GAINED OVER 5%, FIND OUT HOW BELOW:

Global Markets Investor

Sharing thoughts about the world's financial markets. If it helps you navigate this ever-changing market developments you may consider becoming a premium subscriber.

globalmarketsinvestor.beehiiv.com/c/investment-portfolio

The Federal Reserve cut its target range by 25 bps to 3.50%-3.75% on Wednesday, December 10, as expected, marking the 3rd straight reduction of 2025.

More than $10k in debt? We can help.

Debt happens. Getting out starts here.

Millions of Americans are tackling debt right now.

Whether it’s credit cards, loans, or medical bills, the right plan can help you take control again. Money.com's team researched trusted debt relief programs that actually work.

Answer a few quick questions to find your best path forward and see how much you could save. answer a few short questions, and get your free rate today.

The central bank voted 9–3, the first time since 1988 that 3 officials formally dissented. Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeffrey Schmid opposed the move and preferred to hold rates steady, while Fed Governor Stephen Miran argued for a larger 50-basis-point cut.

Including the 6 so called “silent” dissents, officials who attend Fed meetings, share views, and provide projections (published in the Summary of Economic Projections, or dot plot) but do not have a formal vote at that meeting, the total number of dissents rose to 9, matching levels last seen in 2013. As a reminder, there are 19 total participants, 7 governors and 12 regional bank presidents.

Behind the paywall, you will find a full recap of the meeting, including statement changes, the Summary of Economic Projections (SEP), Chair Powell’s remarks, and the implications for markets and the economy, including investor reaction after the event.

Links to the previous meetings' summaries can be found below.

The Fed is facing growing internal divide

The central bank cut rates by 25 basis points and will end QT on December 1 as expected.

globalmarketsinvestor.beehiiv.com/p/the-fed-is-facing-growing-internal-divide

The Fed is confused and divided

This makes investing harder

globalmarketsinvestor.beehiiv.com/p/the-fed-is-confused-and-divided

The Fed is still waiting despite slowing economy

No rate cut, no clarity on what's next, the Fed is going to be too late as always

globalmarketsinvestor.beehiiv.com/p/the-fed-is-still-waiting-despite-slowing-economy

FED’S STATEMENT, PROJECTIONS, DOT-PLOT

Subscribe to Global Markets Investor to read the rest.

Become a paying subscriber of Global Markets Investor to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.