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 ...

But Bowman also has deep ties to Kansas. Before former President Donald Trump nominated her to the Fed board in 2018, she was the state bank commissioner, the top banking official in Kansas.

Michelle Bowman cast the lone dissenting vote on the ... Dissenting votes have been rare for the Fed’s policymaking committee since the Covid-19 pandemic. The last was at the June 2022 meeting ...

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 ...

No governor had dissented from an interest rate decision since 2005. In explaining her rationale, Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed ...

USD/CAD trades flat around 1.3860 in Friday’s early Asian session. The Fed decided to cut the interest rate by a quarter ...

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 ...

"We have not yet achieved our inflation goal." Bowman was the only member of the Fed to dissent in Wednesday’s policy decision, saying she preferred a smaller cut of a quarter percentage point instead ...

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

The second release in this innovative collection, Abraham Bowman Oak Series: American Oak, matures for twelve years in ...