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Fed's Bowman and Waller Explain Why They Voted for Rate Cuts
Federal Reserve governors Michelle Bowman and Christopher Waller favored an interest-rate cut this week because they have grown more concerned about the labor market, and thought their colleagues were being too cautious about inflation.
The central bank kept its target rate at a range of 4.25% to 4.50%, but two policymakers disagreed with the decision.
President Trump said he's down to four potential replacements for Fed Chair Jay Powell, but he ruled out Treasury Secretary Scott Bessent as one of them in an interview on Tuesday.
Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald Trump, but ...
Possible dissents by Christopher Waller and Michelle Bowman would mark the first time in three decades that more than one Fed ...
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