The Fed's internal opinions are not unified.

The minutes show that many officials are willing to cut interest rates, but they also admit that "not cutting is fine too." Additionally, several officials strongly oppose this, with a straightforward reason: inflation has not been brought down yet, and it is too early to lower rates. Their concerns are reasonable. Inflation in the United States has been above 2% for over four years, which is the red line that the Fed is most concerned about. If inflation cannot be tamed, long-term expectations will rise, making it even harder to control in the future.