The remarks highlight a contrast between Bowman and other Fed officials who have recently described the risks to achieving the central bank’s two goals — maximum employment and stable ...

Michelle Bowman, a Trump-appointed Fed official recently cited by JD Vance, has been gaining prominence. By Jeanna Smialek When Senator JD Vance wanted to back up the assertion he made during the ...

In a historic dissent, Michelle Bowman, a Fed governor, advocated instead for a smaller 25 basis point cut. In a statement released Friday, Bowman voiced the concerns behind her disagreement with ...

The U.S. central bank should explore how “to minimize the Fed’s footprint and amount of asset purchases needed to restore market functioning” in times of severe stress, Bowman said in ...

Michelle Bowman cast the lone dissenting vote on the ... Dissenting votes have been rare for the Fed’s policymaking committee since the Covid-19 pandemic. The last was at the June 2022 meeting ...

But Bowman also has deep ties to Kansas. Before former President Donald Trump nominated her to the Fed board in 2018, she was the state bank commissioner, the top banking official in Kansas.

However, the decision to reduce the target range for the Fed funds rate by 25 basis points to 4.5-4.75% was unanimous, unlike ...

No governor had dissented from an interest rate decision since 2005. In explaining her rationale, Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed ...

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 the ...

"We have not yet achieved our inflation goal." Bowman was the only member of the Fed to dissent in Wednesday’s policy decision, saying she preferred a smaller cut of a quarter percentage point instead ...