Powell forced to stave off uprisings in markets and on his own Fed board as his term ends

Key Points

Fed Chair Jerome Powell will have to steer his way through a suddenly very contentious atmosphere among policymakers that will make whichever direction the Fed chooses divisive.
While Wall Street economists were split over whether the FOMC will in fact approve another reduction at the Dec. 9-10 meeting, they were in agreement that this is a pivotal moment for Powell.
Despite Powell’s comments, traders are still expecting another cut in December.

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