Fed’s Bowman Says Big Rate Cut Could Be Seen
Fed’s Bowman Defends ‘No’ Vote on Jumbo Cut. Inflation Is Still Too High.
The Federal Reserve governor said she thought a half-point cut could be seen as a “premature declaration of victory.”
Fed’s Bowman Says Big Rate Cut Could Be Seen as Claiming Victory Too Soon
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.
Fed dissenter Bowman preferred smaller rate cut because 'we have not yet achieved our inflation goal'
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.
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.
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's Bowman voted against jumbo cut to avoid signaling victory on inflation
Fed Governor Michelle Bowman said Friday that she voted against the central bank's decision to begin the rate-cutting cycle with jumbo cut to avoid stoking expectations that the Fed has won its battle against inflation.
US inflation data cemented big cut for one Fed official, dissent for another
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half a percentage point, laid out on Friday the depth of the debate over the move,
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