Divided Fed Policymakers Stake Out Positions Ahead of December Meeting

Federal Reserve officials on Monday continued pressing competing views of where the economy stands and the risks facing it, a debate set to intensify ahead of the U.S. central bank's next policy meeting and in the absence of data suspended due to the federal government shutdown.

In her first public remarks since President Donald Trump launched a so-far unsuccessful attempt to remove her from her position, Fed Governor Lisa Cook portrayed a tug-of-war view of the policy debate, saying elevated risks to both the central bank's employment and inflation mandates leave the December 9-10 meeting "live" for a possible rate cut, but not a lock...

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