Fed’s Bowman Defends ‘No’ Vote on Jumbo Cut. Inflation Is Still Too High.
It’s too early for the Fed to declare mission accomplished in its fight against inflation, Federal Reserve Gov. Michelle ...
The New York Times28d
Could the Lone Fed Dissenter Be in Line for a Powerful Role if Trump Wins?
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 ...
Kansas City Star25d
JD Vance cited this ex-Kansas official to back up immigrant housing claims. Who is she?
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.
Forex Factory1mon
Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation
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 ...
FXEmpire.com1mon
Fed should look at how to efficiently support markets in times of stress -Bowman
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 ...
Barron's1mon
Not All Fed Officials Voted for a Half-Point Rate Cut
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 ...
Business Insider1mon
The Fed's lone dissenter on the big rate cut says she's concerned about 'premature declaration of victory' over inflation
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 ...
USD/CAD holds steady above 1.3850 as Fed cuts its rates, eyes on Canadian employment report
USD/CAD trades flat around 1.3860 in Friday’s early Asian session. The Fed decided to cut the interest rate by a quarter ...
Fed cuts rates by 25bp, as expected
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 ...
Yahoo Finance1mon
Fed dissenter Bowman preferred smaller rate cut because 'we have not yet achieved our inflation goal'
"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 ...