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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.
Based on their public comments in the past two months, it’s possible that governors Christopher Waller and Michelle Bowman ...
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