Amid the recent rate decision, Fed Chairman Jerome Powell's stance was challenged by the dissents of Michelle Bowman and Christopher Waller, while Louis Navellier advocated for rate cuts.
1 report, 1 independent
Updated Jul 31
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What happened
Amid the recent rate decision, Fed Chairman Jerome Powell's stance was challenged by the dissents of Michelle Bowman and Christopher Waller, while Louis Navellier advocated for rate cuts.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Christopher Waller stated he leans toward keeping interest rates steady, creating a point of conflict with the current Chair's speech.Sub-event
Amid the recent rate decision, Fed Chairman Jerome Powell's stance was challenged by the dissents of Michelle Bowman and Christopher Waller, while Louis Navellier advocated for rate cuts.1 source
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The entities involved
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FED
business
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Jerome Powell
president of the FED
Related events
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Coverage
Newest first; wire copies grouped- InvestorPlaceNo Rate Cuts… but Two Dissents This afternoon, the Federal Reserve held the fed funds target rate steady at 4.25% – 4.50% as was widely expected. Also expected – but highly unusual – were the dissent