Federal Reserve cuts rates to 3-year low after fractious meeting
Three top US central bankers object to move in biggest revolt since 2019
Three top US central bankers object to move in biggest revolt since 2019

Central bank says it will halt quantitative tightening programme amid signs of stress in money markets

Pressure from Donald Trump and concerns over economic growth open schism among central bank’s officials

Policymakers sparred over decision to cut interest rates earlier in December

Jay Powell expected to widen rift with Trump by keeping monetary policy unchanged at Wednesday’s meeting

Two regional central bank presidents say they would have kept interest rates on hold this week

Central bank governor says August jobs report will be pivotal in setting direction of monetary policy