One FOMC Dissenter Might Have Just Called Out the Fed on Criticism for Its Shifting Base Rate Policy

One FOMC dissenter might have just called out the Fed on criticism for its shifting base rate policy

FOMC member Michelle Bowman has urged consistency in interest rate policy, following questions about why the FOMC cut rates in late 2024 but is holding steady now despite similar levels of inflation and unemployment data. Citing sharp downward revisions to U.S. job growth, Bowman reiterated her forecast for three cuts this year while warning that declining data reliability complicates policymaking. Critics of Jerome Powell and the Federal Open M…

The Fed’s foolish interest rate policy is stopping America’s economy from booming

The Federal Reserve announced Wednesday, July 30, that it is leaving its benchmark interest rate unchanged, at a range of 4.25% to 4.5%. The decision is extremely foolish. By keeping rates at a comparatively high level, relative to the average rate over the past two decades, the Fed is unnecessarily suppressing economic growth and making it harder for consumers and businesses to finance debt. Moreover, the unemployment rate rose in July to 4.2%,…

Federal reserve governor says he dissented because data says cut interest rates · American Wire News

The reason for dissent on the Federal Reserve Board over interest rates only furthered calls for transparency and the release of meeting transcripts. “WHAT IS THE REST OF THE BOARD DOING?” President Donald Trump has been anything but shy when it comes to calling out Federal Reserve Chair Jerome Powell, whom he’s nicknamed “Too Late” for failing to lower rates in spite of the positive economic outlook. After reports that two of the seven-member B…

In a dissent not seen in three decades, two Fed governors wanted to cut interest rates and here is why

Federal Reserve Governors Michelle Bowman and Christopher Waller dissented from this week's decision to hold interest rates steady and explained why they would've cut rates.

Fed Officials Clash With Powell, Push For Immediate Rate Cuts

Federal Reserve Governors Christopher Waller and Michelle Bowman said Friday that holding interest rates steady is a mistake, warning that continued inaction threatens the U.S. labor market. Both governors, appointed by President Donald Trump, voted against this week’s 9–2 decision to keep the key rate at 4.25% to 4.50%, marking the first dissenting votes from sitting governors since 1993.Waller and Bowman called for a quarter-point rate cut, ci…

Fed’s Bowman, Waller Explain Rare Dissents, Call for Rate Cut Amid Signs of Labor Market Cooling

Federal Reserve Governors Michelle Bowman and Christopher Waller on Friday laid out their reasons for breaking with colleagues earlier this week and voting to cut interest rates, citing slowing growth, softening consumer demand, and mounting signs of labor market fragility. The dual dissent at the July 30 policy meeting—the first by two Fed governors since 1993—underscores a widening divide on how soon the central bank should pivot from its rest…