Reported 20 days ago
Federal Reserve Governor Michelle Bowman has become the first Fed governor since 2005 to dissent from a decision on interest rates, opting for a quarter-point rate cut instead of the half-point cut supported by her colleagues. This dissent marks a significant moment in Fed history, highlighting ongoing differences within the central bank regarding monetary policy, especially as Bowman has emerged as a more hawkish voice advocating for tighter monetary policy.
Source: YAHOO