According to Jinshi Data, Federal Reserve Board member Bowman became the first Federal Reserve Board member to vote against the Federal Reserve's interest rate decision since 2005. The other 11 voting members of the Federal Reserve all voted in favor of cutting the policy rate by 50 basis points, while Bowman preferred a 25 basis point rate cut.
After the July interest rate meeting, Federal Reserve Chairman Powell said that the Federal Reserve is a consensus-oriented organization. Different opinions occur from time to time. This is part of the process. There is nothing wrong with holding different opinions. What happened happened has happened.
