Nick has an excellent breakdown of the minutes. His note about 'some' is correct. I think the composition of 'some' matters a great deal it is almost entirely regional presidents.

Nick Timiraos
@NickTimiraos
02-19
Minutes from the Fed's Jan. 27-28 meeting laid bare a lingering divide over where to set the bar for further rate cuts.
In Fed speak, "some" is larger than "several" which means the group of "some" officials that includes those with a higher bar ("clear indication that the


I agree that where the chair sits matters most.
But with a new chair, this gets more intriguing as it shows he’s walking into a difficult room.
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