A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday.

Market expectations of a December rate reduction jumped after a top ally of the Fed chair countered recent opposition to a cut.

The central bank’s decision to lower interest rates last month was more divisive than it first appeared as officials splintered over how to weigh a weakening labor market against rising inflation.

The FOMC voted 10-2 at last month's meeting to cut the central bank's benchmark interest rate by a quarter of a percentage point to the 3.75%-4.00% range, with the two dissents unusually split in favor of both tighter and looser monetary policy.

President Trump slams the Federal Reserve's $2.5 billion headquarters renovation as wasteful spending, calling Fed Chair Jerome Powell a "clown" over the costly construction project.

Wellington-Altus's chief market strategist James Thorne discusses Chair Jerome Powell's departure from the Fed.

What’s driving the housing affordability crisis—from decades-low mortgage rates that inflated prices to today’s record spreads limiting Fed influence.

For the second time in two days, President Donald Trump said he would like to appoint Treasury Secretary Scott Bessent to chair the Federal Reserve