Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the U.S. central bank since ...
FILE PHOTO: Federal Reserve Board Governor Michelle Bowman at a conference on monetary policy at The Hoover Institution in Palo Alto
Of the Fed's 19 policymakers who take part in each two-day rate-setting meeting, only 12 cast a vote on the decision. Those include eight permanent voters, including all seven members of the Fed Board and the president of the New York Fed, with the remaining 11 Fed presidents trading off one-year turns at the ballot box in groups of four.
Ahead of the Fed's decision, financial market bets were running in favor of a half-of-a-percentage-point rate cut; analysts at Wall Street firms for the most part expected a quarter-point cut. After finding John Metcalfe busking outside of a McDonald's in Liverpool, England, Stephen Flynn learned he was living in a car with his girlfriend. Recorded from inside a car and later posted on TikTok by Stephen Flynn, the brief clip shows John Metcalfe, 59, singing Dire Straits’ “Sultans of Swing” and playing acoustic guitar on Aug. 20. As of Monday, Sept. 9, the video has generated over 11 million views — and a GoFundMe has led to nearly £6,000 in donations.
Fed Governor Kansas City Fed Michelle Bowman New York Fed Jerome Powell Dissents
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