Federal Reserve officials are divided on the economy and risks ahead of upcoming policy meetings. Fed Governor Stephen Miran argues for deep interest rate cuts despite strong stock and credit markets. Chicago Fed President Austan Goolsbee is cautious with further cuts due to high inflation. San Francisco Fed chief Mary Daly sees last week’s cut as insurance against weakening labor markets. The split highlights differing views among officials, pushing the central bank’s rate to 3.75%-4.00%. Fed Chair Jerome Powell notes the deep divide and uncertainty for future rate cuts. Kansas City Fed President Jeffrey Schmid argues to focus more on inflation, while Miran stresses the need for continued rate cuts. More discussions are expected among Fed officials to address these differing views.

Read more at Yahoo Finance: Fed’s Miran says policy too restrictive, Goolsbee says he’s focused on inflation