19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 5
- Left
- 1
- Center
- 2
- Right
- 2
- Unrated
- 0
- Last Updated
- 2 hours ago
- Bias Distribution
- 40% Center
Federal Reserve Governor Michelle Bowman dissented against the central bank's decision to cut interest rates by 50 basis points, favoring a smaller, 25 basis point cut. This dissent marks the first time since 2005 that a Fed governor has opposed a rate decision, breaking the usual consensus sought by Fed Chair Jerome Powell. The rate cut, supported by the other 11 voting members, is the first reduction following a lengthy battle against inflation exacerbated by the COVID-19 pandemic. Bowman has expressed ongoing concerns about inflation, which she believes has not been fully addressed. Historically, dissents from Fed governors were more common pre-1995, with recent dissents largely coming from Fed presidents. This internal disagreement underscores the Fed's complex balancing act as it navigates economic recovery and inflation control.
- Total News Sources
- 5
- Left
- 1
- Center
- 2
- Right
- 2
- Unrated
- 0
- Last Updated
- 2 hours ago
- Bias Distribution
- 40% Center
19Negative
Serious
Neutral
Optimistic
Positive
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