Reported 18 days ago
Federal Reserve Governor Michelle Bowman was the sole dissenter against the recent large rate cut, suggesting a smaller reduction would be more prudent as inflation has not yet reached the central bank's 2% target. She expressed concerns that a more significant move might be viewed as a premature resolution to inflation issues. Bowman emphasized the importance of a measured approach to monetary policy to foster sustainable economic growth without igniting excess demand.
Source: YAHOO