Six Fed policymakers resisted December rate cut as 2026 policy path and leadership reappointments loom

On December 10 2025, the Federal Reserve cut its benchmark interest rate by a quarter percentage point for the third meeting in a row, prompting public pushback from several officials. Two regional presidents voted against the move and, according to internal projections, six of 19 policymakers would have preferred to leave rates unchanged. The Fed board also moved on December 11 2025 to reappoint 11 regional bank presidents ahead of schedule, a step that may shape the central bank's stance on inflation and future policy into 2026.