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Waller and Bowman May Dissent as Fed Holds Steady on Interest Rates

Fed Takes Conservative Stance on 2025 Rate Cuts
Fed Takes Conservative Stance on 2025 Rate Cuts

The Federal Reserve is expected to keep interest rates steady, but two Fed governors, Christopher Waller and Michelle Bowman, may dissent and push for cuts amid concerns about a slowing economy.

This rare division reflects uncertainty about growth, hiring, and inflation, as well as political pressures and jockeying for the Fed Chair position in 2026. While most officials see steady rates as appropriate, others worry the job market is weakening and want to lower borrowing costs soon.

Eight more from the desk

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