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Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy

18d ago
Business
CNBC
Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy
Federal Reserve governors Michelle Bowman and Christopher Waller publicly defended their dissents from the latest decision to hold interest rates steady. Both expressed concerns that maintaining the current rate for too long could negatively impact the economy. Bowman cited persistent inflation risks, while Waller emphasized the potential for economic growth to be stifled. Their statements highlight a division within the Fed regarding the appropriate timing for future rate cuts, signaling continued debate and careful monitoring of economic data in the coming months.
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