Reported 1 day ago
In a rare dissent not seen in over 30 years, Federal Reserve Governors Michelle Bowman and Christopher Waller expressed their support for cutting interest rates during a recent FOMC meeting. Their dissent marked a significant moment, as they argued that with slowing economic growth and stable inflation, a 25-basis-point cut was warranted. Both governors highlighted concerns about the labor market and inflation while advocating for a more proactive stance on monetary policy to prevent potential economic deterioration.
Source: YAHOO