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Fed's Waller, Bowman Cite Labor Concerns for Dissents
Federal Reserve Governors Christopher Waller and Michelle Bowman expressed concerns that unnecessary damage to the labor market could come from policymakers' hesitance to lower interest rates. Both Waller and Bowman dissented against the Fed's decision this week to hold its benchmark interest rate steady for a fifth consecutive time.
Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central ...
The central bank kept its target rate at a range of 4.25% to 4.50%, but two policymakers disagreed with the decision.
President Trump took fresh aim at the chairman following the central bank’s decision to keep interest rates unchanged.
1don MSN
Bowman, Waller argue for rate cuts, citing weakening labor market, limited inflation from tariffs
Slower economic growth and softer labor market dynamics warrant cutting the federal funds rate target range by 25 basis ...
Two of the Fed’s board members, Christopher Waller and Michelle Bowman, dissented from the Fed’s decision — a rare event. They argued that the rate-setting committee should have cut instead, feeding ...
Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the central bank if asked by President Donald Trump, but so far ...
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