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Fed's Bowman and Waller Explain Why They Voted for Rate Cuts
Federal Reserve governors Michelle Bowman and Christopher Waller favored an interest-rate cut this week because they have grown more concerned about the labor market, and thought their colleagues were being too cautious about inflation.
The central bank kept its target rate at a range of 4.25% to 4.50%, but two policymakers disagreed with the decision.
The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from ...
Bowman and Waller explained their dissents against the Fed's hold-steady move in separate statements Friday morning. The Trump appointees' votes in favor of rate cuts marked the first time that two ...
The Federal Reserve kept short-term interest rates at a level of 4.25 percent to 4.5 percent on Wednesday, but the vote saw ...
Bank capital rules are incredibly complex and costly. They will never guarantee financial stability. A radical simplification ...
U.S. Federal Reserve Governor Michelle Bowman on Tuesday reiterated her view that holding the policy rate steady "for some time" will probably be enough to bring inflation under control, but also ...
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