Michelle Bowman, a board member who has expressed concern in the past that inflation had not been fully defeated, said she would have preferred a quarter-point rate cut.
Fed lowers interest rates by half-point; first cut in more than four years
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Bowman also said “inflation is much too high” and “is a heavy burden for all Americans, but especially for those with limited means who are forced to pay more for everyday items, delay purchases, or put off saving for the future.”
U.S. Fed governor opens door to half-point rate hike in March
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