Washington, Aug 1, 2025 (AFP) - US Fed dissenters warn of waiting too long to cut rates

NAMPA / AFP

2025-08-01

The two Federal Reserve officials who favored an immediate interest rate cut said Friday that the central bank's decision this week to hold rates steady risked further damaging the economy. In similar statements outlining their dissents, Federal Reserve Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller argued that the inflationary effects of President Donald Trump's tariffs were temporary and that the central bank should......

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