Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the central bank’s interest rate decision when she dissented Wednesday against the Fed’s move to cut rates by 50 basis points.



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Reuters

United Kingdom

Fed Bowman's dissent is first from Fed governor since 2005

Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the U.S. central bank since 2005, denying Fed Chair Jerome Powell a clear consensus at a pivotal moment.

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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.

Here's the lone Fed governor who voted against half-point rate — first dissent since 2005

New York Post

Murdoch family

New York

United States

Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the central bank’s interest rate decision when she dissented Wednesday.

Michelle Bowman becomes first Fed governor to dissent since 2005

The Hill

Nexstar Media Group

Washington

District of Columbia

Michelle Bowman cast the first dissenting vote by a Federal Reserve governor since 2005, preferring to cut rates by a smaller amount at Wednesday’s policy meeting.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

Bowman Dissent Over Cut Is First From a Fed Governor Since 2005

The Fed's decision to cut rates by 50 basis points garnered support from 11 of 12 voting members, with a dissent from Fed governor Michelle Bowman.

Business Insider

A lone dissenting vote on the Fed's rate cut marks the first split by a central bank governor in 2 decades

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Mortimer Zuckerman

Fed Bowman's Dissent Is First From Fed Governor Since 2005

Federal ReserveBowman favored a more modest quarter-point cut, while the other 11 voting members supported the half-point reduction. Out of the Fed’s 19 policymakers, only 12 cast votes on rate decisions, including the seven members of the Fed Board and the president of the New York Fed. The remaining 11 Fed presidents rotate in voting every year.Dissents from Fed governors were more common prior to 1995, but since then, the majority of the 90-p…

Michelle Bowman becomes first Fed governor to dissent since 2005

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