Michelle Bowman's dissent is first from Fed Governor since 2005
Wednesday, 18 September 2024 ()
Federal Reserve Governor Michelle Bowman dissented on an interest-rate decision for the first time since 2005, opposing a 50 basis point cut in favor of a quarter-point reduction. Her stance reflects concerns about easing too quickly and highlights ongoing internal debates within the Fed over monetary policy amidst economic challenges.
Federal Reserve Governor Michelle Bowman dissented on an interest-rate decision for the first time since 2005, opposing a 50 basis point cut in favor of a quarter-point reduction. Her stance reflects concerns about easing too quickly and highlights ongoing internal debates within the Fed over monetary policy amidst economic challenges.
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