The minutes of the Federal Reserve meeting revealed serious disagreements among policymakers regarding interest rate cuts.

According to ChainCatcher, citing Jinshi, the minutes of the Federal Reserve's October policy meeting revealed significant disagreement among policymakers regarding last month's rate cut. Despite warnings from policymakers that the rate cut could hinder efforts to curb inflation, the decision was ultimately made to lower rates. The minutes indicated that many participants supported lowering the target range for the federal funds rate, but some officials opposed the cut, expressing concern that inflation had failed to return to 2% in a timely manner. Most participants believed that further reductions in policy rates could exacerbate inflation risks.