Federal Reserve officials are divided on the economy’s health and monetary policy in light of the government shutdown. Governor Stephen Miran advocates for deeper interest rate cuts despite strong stock and credit markets. Chicago Fed President Austan Goolsbee is cautious about further cuts due to inflation exceeding the 2% target. The split among officials is evident after the recent rate cut, pushing the benchmark rate to 3.75%-4.00%. Fed Chair Jerome Powell notes a deep divide among policymakers, emphasizing that another rate cut is not guaranteed. Kansas City Fed President Jeffrey Schmid dissents against a rate cut, emphasizing the need to focus on inflation. Miran argues that the economy faces stress in various sectors despite strong financial markets. The debate among Fed officials continues, with more discussions expected, including Fed Governor Lisa Cook’s appearance at the Brookings Institution.

Read more at Yahoo Finance: Fed’s Miran says policy not restrictive, Goolsbee says he’s focused on inflation