The minutes provided further detail on the breadth of opinion within the Fed as policymakers approved a rate cut of a size usually reserved for moments when the central bank is worried the economy is slowing fast and needs the support of looser financial ...

While a ‘substantial majority’ favored the larger half-point reduction, some officials thought a smaller quarter-point cut was warranted.

Freshly released minutes from the central bank’s September meeting show that policymakers were divided on how much to cut rates.