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 ...

I nvesting.com -- The Federal Reserve will likely leave interest rates steady "for some time" in a bid to help corral "elevated" inflation in the U.S., Fed Governor Michelle Bowman said on Tuesday ...

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.

"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." ...

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 ...