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Jinse Finance reported that institutional analyst Neil Irwin stated that there is currently a serious division within the Federal Reserve regarding whether to cut interest rates next month, and one possible outcome of the vote could create a striking irony. If Chairman Powell, Vice Chairman Jefferson, and New York Fed President Williams—the three leading figures—decide to cut rates, they will certainly receive support from the three Trump-appointed governors on the committee. However, this would only give them 6 out of the 12 voting members. They would need a seventh vote to secure a majority. The four non-New York Reserve Bank presidents with voting rights at this meeting (Goolsbee, Collins, Musalem, and Schmid) have all expressed reservations about cutting rates. In this situation, Powell could turn to the two Biden-appointed governors to secure his majority. One of them, Barr, now appears very concerned about inflation and advocates for caution. Therefore, he is very likely to cast a "no" vote. This leaves only one other governor for Powell to seek the seventh vote. This official is highly focused on the health of the labor market and has remained tight-lipped about the next policy move. This governor, of course, is Cook. The Supreme Court is scheduled to hear the case on January 21 next year regarding whether President Trump can dismiss her, a move Trump has been attempting since last fall.

Jinse Finance reported that Grayscale's two new spot crypto ETFs — Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) — will be listed on the New York Stock Exchange Arca on Monday.