Fed's Bowman says dissent on large rate cut based on above …
WEB14 hours ago · Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point interest rate cut this week, favoring a quarter-percentage-point reduction ...
Fed dissenter Bowman preferred smaller rate cut because 'we …
WEB13 hours ago · Fed governor Michelle Bowman issued a statement Friday explaining her dissent to this week's jumbo rate cut, saying she wanted a smaller first move because inflation is not yet vanquished.
Federal Reserve Dissenter Concerned About Inflation After Big …
WEB12 hours ago · Federal Reserve governor Michelle Bowman was the only dissenter to Wednesday's 50 basis point rate cut. On Friday, Bowman said such a big cut could hurt progress on the Fed's 2% inflation goal.
Fed’s jumbo cut decision wasn’t unanimous - CNN
WEB13 hours ago · The dissenter, Fed Governor Michelle Bowman, said in a statement Friday that she voted for a smaller quarter-point cut to “avoid unnecessarily stoking demand,” which could cause inflation to ...
Fed Bowman's dissent is first from Fed governor since 2005
WEB2 days ago · 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 ...
Fed’s Bowman Says Big Rate Cut Could Be Seen as Claiming …
WEB12 hours ago · September 20, 2024 at 1:31PM EDT. Michelle Bowman (Al Drago/Bloomberg) (Bloomberg) -- Federal Reserve Governor Michelle Bowman said cutting interest rates by a half percentage point this week risked signaling the US central bank was declaring victory over inflation too early. “The committee’s larger policy action could be interpreted as a ...
The Lone Dissenter Inside the Fed Who Voted Against Powell’s …
WEB1 day ago · The Fed voted to cut rates by a half point on Wednesday, its first reduction in four years, instead of a more traditional cut of a quarter point, or 25 basis points. Bowman said she would have ...
Fed Governor Bowman’s Rare Dissent Marks Key Shift in ... - Nasdaq
WEB2 days ago · Federal Reserve Governor Michelle Bowman made history on Wednesday by casting the first dissenting vote from a Fed governor since 2005. Bowman opposed the central bank’s decision to cut the ...
Fed's big cut may have been closer call than lone dissent suggests
WEB1 day ago · That's a closer call than the lone formal dissent, cast by Fed Governor Michelle Bowman, suggests. As many as nine of the Fed's 19 policymakers may also have raised objections to some degree, or ...
Fed Governor Bowman says she's still open to raising rates if ... - CNBC
WEBJun 25, 2024 · Michelle Bowman, a Fed governor, said she is not ready to lower interest rates yet and would consider raising them if inflation does not improve. She also noted the upside risks and the...