Rates had previously been held at a 23-year high since July 2023. There was some division on the final decision, with Fed governor Michelle Bowman dissenting. She preferred to cut rates by 25 basis ...

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 ...

Michelle Bowman, left, during a 2023 Federal Reserve Board of Governors meeting. Federal Reserve The prospect that Bowman could be nominated – or simply in the mix of possible names – for Fed ...

Michelle Bowman's vote in favor of a smaller cut of a quarter percentage-point instead made her the first official on the Fed's rate-setting committee to dissent from the majority for more than ...

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 ...

The Fed cuts interest rates by a quarter point at the November meeting, as widely expected.

Fed governor Michelle Bowman was a lone dissenting voice at that time. Since then, and since the big September jobs figure, other Fed officials have called for more "caution," pointing to the ...

The Fed’s decision to opt for a bigger rate ... The dissenting governor, Michelle Bowman, said she voted against the larger interest rate cut because she would have preferred a quarter-point ...

"I see the risk that the Committee’s larger policy action could be interpreted as a premature declaration of victory on our price stability mandate," Federal Reserve governor Michelle ... goal." ...