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 ...
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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 ...