The Fed Saw Risks Shifting in September, Minutes Reveal

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  Former FBI Director James Comey pleads not guilty to charges of lying to Congress,

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  plus what the minutes from the Federal Reserve's latest meeting reveal about future rate cuts,

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  and why advertisers are asking Big Tech for more transparency around digital ad sales.

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  The concern is that as more and more of the digital ads that are sold,

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  go through these same platforms that the advertisers themselves and the companies that buy ads on their behalf,

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  as well as the media publishers will have less and less say in what they're ultimately paying for and what they're getting.

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  It's Wednesday, October 8th.

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  I'm Alex O'Sulliv for the Wall Street Journal.

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  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

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  Minutes from the Federal Reserve's meeting last month are out today,

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  and they reveal that officials were divided over how much farther they should lower interest rates.

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  For more, I'm joined now by WSJ Chief Economics correspondent Nick Timmeros.

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  Nick,

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  we had talked on the show last month about how that last Fed meeting was kind of a strange one.

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  It was Fed Governor Stephen Myron's first meeting,

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  and it was in the middle of President Trump's effort to get Lisa Cook fired.

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  Did that tension play out in the minutes?

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  It didn't.

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  And the minutes are normally a fairly sanitized document.

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