Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation

Fed Governor Bowman explains dissent on rate vote, says she’s worried about inflation


Key Points
  • Fed Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest rate cut.
  • The jumbo cut “could be interpreted as a premature declaration of victory on our price-stability mandate,” she said in remarks to a bankers’ group in Kentucky.



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