Fed, Michelle Bowman
A lone dissenting vote on the Fed's rate cut marks the first split by a central bank governor in 2 decades
The Fed's decision to cut rates by 50 basis points garnered support from 11 of 12 voting members, with a dissent from Fed governor Michelle Bowman.
Fed Bowman's dissent is first from Fed governor since 2005
Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the U.S. central bank since 2005, denying Fed Chair Jerome Powell a clear consensus at a pivotal moment.
Opinion
Opinion | A Fear of Dissent Haunts the Federal Reserve
T his week’s Federal Open Market Committee meeting is notable for two things. America’s central bank is shifting into monetary-easing mode amid considerable uncertainty about
Fed Governor Waller backs interest rate cut at September meeting, open to larger move
Federal Reserve Governor Christopher Waller on Friday backed an interest rate cut at the upcoming central bank policy meeting in less than two weeks, and indicated he’d be open to a substantial reduction if necessary.
Jumbo-sized rate cut: Fed slashes rates by a half percentage point
In a significant shift for the US economy, the Federal Reserve is expected Wednesday to announce its first interest rate cut since Covid.
One Fed Official Dissents on Fed Rate-Cut
Federal Reserve Governor Michelle Bowman dissented against Wednesday’s decision for a half percentage point interest-rate cut in favor of a smaller quarter-point cut. Bowman, who was appointed to the board by Donald Trump in 2018,
Fed cuts rates by half point in decisive bid to defend economy
The Federal Reserve lowered its benchmark interest rate by a half percentage point Wednesday, in an aggressive start to a policy shift aimed at bolstering the US labor market.
Michelle Bowman becomes first Fed governor to dissent since 2005
Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the central bank’s interest rate decision when she dissented Wednesday against the Fed’s move to cut rates by 50 basis points.
Bowman Dissent Over Cut Is First From a Fed Governor Since 2005
Michelle Bowman cast the first dissenting vote by a Federal Reserve governor since 2005, preferring to cut rates by a smaller amount at Wednesday’s policy meeting.
Fed Reserve Gov. Michelle Bowman voted against half-point rate — first dissent since 2005
Fed chairs typically seek consensus on decisions, sometimes reaching compromises to avert open disagreement that could be seen as undercutting their credibility.
Fed Governor Bowman’s Rare Dissent Marks Key Shift in Monetary Policy
Michelle Bowman became the first Fed governor since 2005 to dissent on a rate decision, opposing a half-point cut in favor of a quarter-point reduction. Fed Chair Jerome Powell and the other 11 voting members supported the larger cut,
Fed Governor Christopher Waller On UPI-USD Interlinking: US System Needs More Development
Federal Reserve Governor Christopher J. Waller addressed the potential for interlinking payment systems between the US and ...
Powell Doesn’t See Signs of Recession Risk in US Economy
Fed watchers are uncertain about whether the FOMC will cut by a quarter or half percentage-point in part because, as Chris ...
Atlanta Federal Reserve president ‘violated’ stock trading rules, but didn’t break the law
ATLANTA — Atlanta Federal Reserve President Raphael Bostic has been found to have violated the rules of the Federal Open ...
Stock Market Today: Dow, S&P 500 in record territory after Fed's big rate cut
Investors are hitting the pause button on one of the most popular trades to emerge in the run-up to Wednesday's jumbo Fed rate cut. Utilities, consumer staples and real-estate stocks continued to ...
Fed Governor Seen as Potential Chair Won’t Welcome Trump’s Input
Former President Donald Trump wants the White House to have a say on interest rates. The Federal Reserve governor seen as a ...