Fed’s Bowman, Waller Explain Rare Dissents, Call for Rate Cut Amid Signs of Labor Market Cooling

Fed Officials Clash With Powell, Push For Immediate Rate Cuts

Federal Reserve Governors Christopher Waller and Michelle Bowman said Friday that holding interest rates steady is a mistake, warning that continued inaction threatens the U.S. labor market. Both governors, appointed by President Donald Trump, voted against this week’s 9–2 decision to keep the key rate at 4.25% to 4.50%, marking the first dissenting votes from sitting governors since 1993.Waller and Bowman called for a quarter-point rate cut, ci…

Fed’s Bowman, Waller Explain Rare Dissents, Call for Rate Cut Amid Signs of Labor Market Cooling

Federal Reserve Governors Michelle Bowman and Christopher Waller on Friday laid out their reasons for breaking with colleagues earlier this week and voting to cut interest rates, citing slowing growth, softening consumer demand, and mounting signs of labor market fragility. The dual dissent at the July 30 policy meeting—the first by two Fed governors since 1993—underscores a widening divide on how soon the central bank should pivot from its rest…

Fed Officials: Mistake to Hold Interest Rates Steady

Federal Reserve Governors Christopher Waller and Michelle Bowman, who voted this week against keeping a key interest rate locked in place, said Friday they believe the central bank is making a mistake with its wait-and-see decision, considering rising threats to the nation's labor market. Waller and Bowman, both appointees of President Donald Trump, said they are calling for a reduction of a quarter point in the interest rates, as they think tar…

Fed’s Waller Defends Tariffs, Warns: ‘Cut Rates’

Fed's Waller advocates for rate cuts, challenging chairman Powell's tariff policies.

Fed’s Delay On Rate Cuts Threatens U.S. Economy, Say Two Dissenting Governors Eyeing Top Job

Federal Reserve Board Governors Christopher Waller and Michelle Bowman, both appointed to the body by President Donald Trump, spoke out on Friday about their dissent to the Fed’s decision to keep interest rates steady, arguing that delaying rate cuts risks harming the U.S. economy.In separate statements explaining their dissents, Waller and Bowman, both widely considered as potential successors to Fed Chair Jerome Powell when his term ends in Ma…

In a dissent not seen in three decades, two Fed governors wanted to cut interest rates and here is why

Federal Reserve Governors Michelle Bowman and Christopher Waller on Friday released statements outlining why they supported an interest rate cut at this week’s meeting. It marked the first time in more than 30 years that two Fed governors dissented from a decision about rates. The last time was in 1993. Bowman and Waller on Wednesday dissented from the Federal Open Market Committee’s (FOMC) 9-2 vote to hold the Fed’s benchmark federal funds rate…