Federal Reserve officials are divided over the timing of interest rate cuts, with debates intensifying around the acceptable level of economic pain before policy adjustments. The central issue is no longer whether to cut rates, but when to do so. One group within the Fed is concerned that a rapid decrease in inflation could lead to renewed economic instability, while another faction warns that delaying rate cuts could exacerbate damage to employment and household income. This internal division highlights the challenge the Fed faces in balancing these risks. Additionally, the focus on Countering the Financing of Terrorism remains a significant aspect of broader regulatory discussions, indicating the complexity of the Fed's current policy environment.