Bowman Dissent Over Cut Is First From a Fed Governor
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.
September Fed Meeting: Fed Cuts Rates For The First Time In Four Years
In a move that was widely anticipated and hoped for, the Federal Open Market Committee (FOMC) opted on Wednesday to cut its fed funds interest rate by 50 basis points to a new target range of between 4.
Bowman Dissent Over Cut Is First From a Fed Governor Since 2005
Michelle Bowman cast the first dissenting vote by a Federal Reserve governor since 2005, preferring to cut rates by a smaller amount at Wednesday’s policy meeting.
The Fed's interest-rate cut put Trump even more at odds with the central bank
Donald Trump has argued that the Fed would only cut interest rates close to the election to help his political opponents.
The Fed Just Cut Interest Rates, And More Rate Cuts Are Coming
The Federal Reserve announced an interest rate policy decision to cut interest rates by 0.5% on September 18. This decision was accompanied by FOMC member forecasts.
US Fed rate cut: Michelle Bowman's dissent is first from Fed Governor since 2005
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.
Something Just Happened at the Federal Reserve for the First Time Since 2005. Should Investors Be Worried?
Usually, the Federal Open Market Committee makes decisions on adjusting its federal funds rate in unison. But not this time.
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New board member appointed after First Federal Bank of Ohio announces board retirement
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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 ...
Federal lawsuit alleging Midlands school board ‘conspired’ against former member dismissed
The lawsuit accused several Lexington-Richland 5 school board members and officials of conspiring to violate Ken Loveless’ ...
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How Jerome Powell Got The Fed To A Big Half-Point Cut
Would Fed chair Jerome Powell opt for a measured, quarter percentage point change in rates, as he had for the last year? Or ...
Federal Reserve signals end to inflation fight with a sizable half-point rate cut
The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two ...
A Fear of Dissent Haunts the Federal Reserve
The FOMC too often speaks with one voice, an oddity in its history and for central banks globally.
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 ...
Stock Market Today: Dow edges up as stocks look to extend Fed rate-cut rally
Shares of Boeing's stock bounced off a near 2-year low to be up 3% in recent trading, after a report that the aerospace giant raised its offer to the striking machinists union. The stock was down as ...