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 ...

The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech will be the highlights on Friday. The Indian Rupee (INR) weakens on Friday. The local currency depreciated to ...

Presidents can control monetary policy even without replacing the Fed chair, Benn Steil writes in a commentary essay.

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

Q3 2024 Earnings Call Transcript November 8, 2024 Operator: Good morning. My name is Tia and I will be your conference ...

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 ...

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.

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 ...