Every decision to cut rates becomes more contested as rates move closer to neutral. With each step lower, “you’re just going to lose the support of a few more participants, and you’re going to need data to motivate those participants to want to join with the majority to get a cut.” https://www.wsj.com/economy/central-banking/fed-cuts-rates-again-signals-it-may-be-done-for-now-67069bb5?st=PtnSV7&reflink=desktopwebshare_permalink(Nick Timiraos)