Federal Reserve's Consensus Mechanism on Brink of Collapse: Trump's Rate Cut Wish Faces Opposition.

Fed internal opposition to a rate cut in December is rising, potentially making it difficult for President Trump's anticipated rate cut after appointing a new Fed Chair in May. The division may persist into next year, even with a new Chair. Economists are concerned that Trump may take extreme measures to weaken the Fed's independence if he fails to get his way, which could impact monetary policy outcomes.