Opinion | A Fear of Dissent Haunts the Federal Reserve
T his week’s Federal Open Market Committee meeting is notable for two things. America’s central bank is shifting into ...
Fed's Big Cut May Have Been Closer Call Than Lone Dissent Suggests
That's a closer call than the lone formal dissent, cast by Fed Governor Michelle Bowman, suggests. As many as nine of the Fed ...
Not All Fed Officials Voted for a Half-Point Rate Cut
Federal Reserve Gov. Michelle Bowman cast the lone dissenting vote on the central bank’s move [to lower interest rates by a ...
The Bond Buyer1d
Munis ignore UST weakness following Fed cut
For municipals, Wednesday "marks a crucial step forward, perfectly aligned with the current risk landscape," said James ...
Michelle Bowman becomes first Fed governor to dissent since 2005
Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the ...
A lone dissenting vote on the Fed's rate cut marks the first split by a central bank governor in 2 decades
The Fed's decision to cut rates by 50 basis points garnered support from 11 of 12 voting members, with a dissent from Fed ...
cnbctv181d
Fed Michelle Bowman's dissent is first from Fed governor since 2005
The Fed's remaining 11 voting members unanimously supported a half-point reduction in the policy rate, while Governor Bowman ...
American Banker1d
Where have all the new banks gone?
Only two de novo banks have opened in 2024, while more than 100 launched annually prior to the 2008 financial crisis. Experts ...
Fed Reserve Gov. Michelle Bowman voted against half-point rate — first dissent since 2005
Fed chairs typically seek consensus on decisions, sometimes reaching compromises to avert open disagreement that could be ...
Half-Point Rate Cut Had 'Broad Support,' Powell Says
Federal Reserve officials had a “lot of discussion back and forth” on whether to lower interest rates by 0.5 percentage point or 0.25 percentage point, Chair Jerome Powell said Wednesday. In the end, ...
Fed Governor Bowman’s Rare Dissent Marks Key Shift in Monetary Policy
Michelle Bowman became the first Fed governor since 2005 to dissent on a rate decision, opposing a half-point cut in favor of a quarter-point reduction. Fed Chair Jerome Powell and the other 11 voting ...
Fed meeting today: Fed decides on aggressive 50 basis-point cut in interest rates.
Fed Gov. Michelle Bowman on Wednesday dissented from the Fed's decision to cut rates by a half-point. In a statement, the Fed said that Bowman had favored a smaller quarter-point move.