The Fed Saw Risks Shifting in September, Minutes Reveal

P.M. Edition for Oct. 8. Minutes from the September meeting of the Federal Reserve offered more details about divisions among the governors and how they are thinking about rate cuts for the rest of this year. But as WSJ chief economics correspondent Nick Timiraos tells us, the government shutdown could complicate the Fed’s balancing act. Plus, as the country’s top drugmakers are set to meet in early December, WSJ White House reporter Annie Linskey discusses how family members of President Trump and Commerce Secretary Howard Lutnick are poised to benefit from efforts to remake the industry. And advertisers, who spend tens of millions of dollars per year on digital ads, are pushing tech companies for more transparency around how those digital ads work. We hear from WSJ reporter Patrick Coffee about the proposal and why advertisers are asking for these standards. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.