Fed’s Bowman on inflation

Bowman Dissent Over Cut Is First From a Fed Governor

Fed Bowman's dissent is first from Fed governor since 2005

Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the U.S. central bank since 2005, denying Fed Chair Jerome Powell a clear consensus at a pivotal moment.

Business Insider · 1d

A lone dissenting vote on the Fed's rate cut marks the first split by a central bank governor in 2 decades

The Fed's decision to cut rates by 50 basis points garnered support from 11 of 12 voting members, with a dissent from Fed governor Michelle Bowman.

The Associated Press - Busines… · 1d

Federal Reserve signals end to inflation fight with a sizable half-point rate cut

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.

The Hill · 1d

Michelle Bowman becomes first Fed governor to dissent since 2005

Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the central bank’s interest rate decision when she dissented Wednesday against

Barron's · 16h

Not All Fed Officials Voted for a Half-Point Rate Cut

Federal Reserve Gov. Michelle Bowman cast the lone dissenting vote on the central bank’s move [to lower interest rates by a half percentage point](

Nasdaq · 1d

Fed Governor Bowman’s Rare Dissent Marks Key Shift in Monetary Policy

Michelle Bowman became the first Fed governor since 2005 to dissent on a rate decision, opposing a half-point cut in favor of a quarter-point reduction. Fed Chair Jerome Powell and the other 11 voting members supported the larger cut, which was intended to address concerns about inflation and the labor market.

New York Post · 1d

Fed Reserve Gov. Michelle Bowman voted against half-point rate — first dissent since 2005

Fed chairs typically seek consensus on decisions, sometimes reaching compromises to avert open disagreement that could be seen as undercutting their credibility.

syracuse.com1d

Fed signals end to inflation fight with a sizable half-point rate cut

The Fed’s decision drew the first dissent from a member of its governing board since 2005. Michelle Bowman, a board ...

The New York Times1d

Inflation Is Ebbing. Now the Fed Must Protect Jobs.

Personal consumption expenditure inflation, its preferred measure ... That may explain why this move raised dissent. One ...

1don MSN

Fed cuts rates by half a percentage point, cites 'greater confidence' on inflation

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a ...

Claudia Sahm Underscores Fed's Mandate to Protect Jobs, Says Additional Cuts Expected: 'The Time To Support The Labor Market Is When It's Strong'

Additional rate cuts are anticipated as inflation continues to fall. Most Fed officials predict a further reduction of at ...

The Fed says its long-awaited rate cut is apolitical, even close to the presidential election

The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...

Reuters on MSN10h

Fed's big cut may have been closer call than lone dissent suggests

Another came from Bowman's dissent, the first from a Fed governor in 19 years ... The Fed in its policy statement said ...

5don MSN

The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

A week's worth of inflation data showed that price pressures have eased substantially since their meteoric rise in 2021-22.

6 Wall Street experts share why investors could be overestimating how much the Fed will cut rates after August's inflation report

Core CPI came in hot in August, and many on Wall Street think rate-cut expectations are too high.

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