Federal Reserve (Fed) Board of Governors member Michelle Bowman clarified on Friday why the policymaker voted against the Fed's 50 bps jumbo rate cut this week. Fed Governor Waller goes down in the ...
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 ...