Source: Independent Institute
by Allen Gindler
“In late October, the Federal Reserve adjusted its target interest rate downward. The decision was reached with some dissent, showing a divergence of economic perspectives among the Federal Reserve’s members. Soon afterward, some Fed officials voiced divergent views about what to do in December. Due to the recent government shutdown, key economic data, including inflation reports, unemployment statistics, and GDP growth numbers, were delayed or canceled, thereby complicating the Federal Reserve’s ability to make informed decisions based on comprehensive data. However, even if the Fed had all the necessary data, it would once again face a fundamental problem: the same twelve people, examining lagging data, are expected to set a rate of short-term credit that affects borrowing costs for the entire economy.” (12/08/25)
https://www.independent.org/article/2025/12/08/twelve-votes-vs-the-market/