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.

Federal Reserve policymakers are split over whether they should continue cutting interest rates, ending the long stretch of consensus that has defined Chair Jerome Powell’s leadership of the central bank.

The minutes of the bank's October 28-29 meeting could provide more insight into the depth of the divide that has emerged among policymakers navigating an official data blackout, conflicting signals from available information,

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