Jin Shi Data, August 14. Ethan Harris, former chief economist of Bank of America Securities, said that the days when the Fed was in step are over. Waller and Bowman, appointed by President Trump in July, supported interest rate cuts, have "broken the harmony." This means that no matter what the Fed decides, opposition will emerge. Harris also said: "I expect a heated debate between hawks and doves before the September meeting, casting some uncertainty on the decision to cut interest rates. Hawks will not give in easily. But I think this month's data will support a 25 basis point rate cut." Stephen Ricciutto, chief economist at Mizuho Securities, said that at present, neither hawks who support keeping interest rates unchanged nor doves who support easing policies are in the majority. Most Fed officials hold a middle ground. The focus of debate within the Fed is whether it makes sense to cut interest rates to support a weak labor market. (Jin Shi)