Fed chairs typically seek consensus on decisions, sometimes reaching compromises to avert open disagreement that could be seen as undercutting their credibility.
Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the central bank since 2005, denying Fed Chair Jerome Powell a clear consensus at a pivotal moment.Of the Fed’s 19 policymakers who take part in each two-day rate-setting meeting, only 12 cast a vote on the decision.
Fed slashes interest rates by half a percentage point in bid to curb inflation without causing recession It was the first of a string a four such super-sized moves, the rest of which George ended up backing. Bowman’s dissent on Wednesday was the first by a Fed governor in the hawkish direction — that is, in favor of tighter monetary policy, rather than looser — in nearly 30 years.Boar's Head discontinues former fan favorite after it's identified as root of deadly listeria outbreak
Economy Federal Reserve Inflation Interest Rates Jerome Powell
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