The newly released minutes of the meeting show that the internal position of Federal Reserve officials on whether to cut interest rates in December is far more complicated than the divided voting results themselves. Although the Federal Open Market Committee (FOMC) finally decided to cut interest rates for the third and last time during the year, minutes revealed, many officials supporting interest rate cuts “almost supported suspending interest rate cuts” at the time.

The newly released minutes of the meeting show that the internal position of Federal Reserve officials on whether to cut interest rates in December is far more complicated than the divided voting results themselves. Although the Federal Open Market Committee (FOMC) finally decided to cut interest rates for the third and last time during the year, minutes revealed, many officials supporting interest rate cuts “almost supported suspending interest rate cuts” at the time.