Fed to Get Validation, Bowman Still Concerned, More
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The Fed decision's lone dissenter worries the bigger rate cut sends a 'premature victory' message to markets
On Wednesday, the Fed decided on a 50-basis-point cut that brought the Fed's policy rate to a range of 4.75% to 5%. The vote was 11 to 1 in favor of the cut, and Bowman's dissent was the first by a ...
Top Fed official warns jumbo rate cut is declaring victory over inflation too soon
JP Morgan Chase CEO Jamie Dimon echoed Bowman’s fears, saying he wouldn’t “count my eggs” that the rate cuts will deliver the ...
Fed governor explains dissent from 50 basis point rate cut
Governor Michelle Bowman explained her dissent from the central bank's decision to cut interest rates by 50 basis points, ...
Fed's Bowman voted against jumbo cut to avoid signaling victory on inflation
Fed Governor Michelle Bowman said Friday that she voted against the central bank's decision to begin the rate-cutting cycle ...
Fed's Historic Dissenter Bowman Says Smaller Interest Rate Cut Was Justified: 'We Have Not Yet Achieved Our Inflation Goal'
Federal Reserve Governor Michelle W. Bowman withheld support for a 50-basis-point interest rate cut during this week's FOMC ...
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The economic cloud over the Fed's half-point rate cut
Federal Reserve Gov. Michelle Bowman cast the first dissenting vote at an FOMC meeting in years. On Friday, she explained why ...
MT Newswires on MSN1d
Fed 50-Basis-Point Rate Cut Could be Seen as 'Premature' Victory Over Inflation, Governor Bowman Says
The Federal Reserve's recent decision to lower its benchmark lending rate by 50 basis points could be interpreted as "a premature declaration of victory" against inflation, Governor Michelle Bowman ...
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% ...
Big Fed rate cut risks prematurely declaring victory over inflation, Bowman warns
Federal Reserve Governor Michelle Bowman warns against premature victory over inflation following a 50-basis-point rate cut, ...
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a ...
US inflation data cemented big cut for one Fed official, dissent for another
Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half a percentage ...