Reported 18 days ago
Following the Federal Reserve's recent decision to cut interest rates by half a percentage point, officials revealed differing opinions on the move. While Governor Christopher Waller argued that weak inflation necessitated the significant cut, Governor Michelle Bowman dissented, suggesting that despite slowing inflation, the cut could be seen as premature given that prices remain above the Fed's target. This dissent marks the first in nearly two decades, highlighting ongoing debates around appropriate responses to evolving economic data.
Source: YAHOO