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>This would be the first dissent by a governor in the FOMC since 2005. Yes, but for context- not the first dissent broadly, as there are 5 non-governors on the
by sigmar 2y ago
>This would be the first dissent by a governor in the FOMC since 2005.
Yes, but for context- not the first dissent broadly, as there are 5 non-governors on the FOMC.
>In June 2022, Kansas City Fed President Esther George cast what until Wednesday had been the most recent dissent. She had argued for a smaller rate hike, but her colleagues opted for a 75-basis-point increase to battle accelerating inflation.
https://www.reuters.com/markets/rates-bonds/fed-bowmans-dissent-is-first-fed-governor-since-2005-2024-09-18/ https://www.reuters.com/markets/rates-bonds/fed-bowmans-diss...