The Fed decision's lone dissenter worries the bigger rate cut sends a 'premature victory' message to markets
On Wednesday, the Fed decided on a 50-basis-point cut that brought the Fed's policy rate to a range of 4.75% to 5%. The vote was 11 to 1 in favor of the cut, and Bowman's dissent was the first by a ...
Fed governor explains dissent from 50 basis point rate cut
Federal Reserve Governor Michelle Bowman explained her dissent from the central bank's decision to cut interest rates by 50 ...
Top Fed official warns jumbo rate cut is declaring victory over inflation too soon
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the ...
KELO1d
Fed’s Bowman says dissent on large rate cut based on above-target inflation data
Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point ...
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% ...
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 ...
Forex Factory14d
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 ...
PBS15d
Chicago Fed president expects multiple interest rate cuts amid economic ‘overcooling’
The latest jobs report paints a mixed picture of the overall economy. The U.S. added 142,000 new jobs last month and the unemployment rate dipped slightly to 4.2 percent. The report was better ...
Investopedia15d
Here's What Federal Reserve Officials Said After Friday's Jobs Report
Bloomberg / Contributor / Getty Images Federal Reserve Gov. Christopher Waller said the ... New York Fed President John Williams and Chicago Fed President Austan Goolsbee also said it was time ...
AOL15d
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 ...
Pensions&Investments15d
Fed Governor Waller backs September rate cut, expects 'series' of cuts to come
Federal Reserve Board Governor Christopher J. Waller on Sept. 6 expressed his support for cutting interest rates at the Fed’s upcoming meeting, adding that he expects the widely anticipated rate ...
Daily Mail16d
Reserve Bank governor Michelle Bullock is called out for cold-hearted comments by Jason Clare
Reserve Bank Governor Michele Bullock on Thursday ruled out any near-term rate cut by Christmas but acknowledged this was pushing more people into financial hardship. 'Although this group is ...