Goolsbee was one of three Federal Open Market Committee members to vote against the quarter percentage point reduction, the third consecutive easing measure. He was joined by Kansas City Fed President Jeffrey Schmid, as well as Governor Stephen Miran, who preferred a steeper cut.

After three consecutive interest rate cuts, investors now confront an uncertain U.S. monetary policy outlook for the year ahead, clouded by persistent inflation, data gaps, and an impending leadership change at the Federal Reserve.

Federal Reserve Bank of Cleveland President Beth Hammack said she would prefer interest rates to be slightly more restrictive to keep putting pressure on inflation, which is still running too high.

Three members of the Federal Reserve's policy committee discussed interest rates on Friday, and fittingly, given the divisions on the committee, had three different views on where it should go.

The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.

The Federal Reserve cut interest rates by a ¼-point yesterday, as expected. The stock market rallied and Treasury yields fell. Read more here.

Markets are rethinking the Fed’s path after its latest cut and a split 2026 outlook. Here’s how to track shifting rate expectations and what it could mean for savings.