Part 8/10:
Internal dynamics within the Fed add another layer of complexity. Newly appointed Governor Steven Myin, a Trump-era pick, pushed for a more aggressive move—a 50 basis point cut—showing that even within the Fed, opinions on policy direction vary. His connections to the White House suggest that political considerations are increasingly influencing decisions.
In contrast, other members like Christopher Waller supported the quarter-point cut, indicating a divided Fed. Such divisions highlight the uncertain and often politically influenced environment in which the central bank operates today.