💨 Abstract

Two top Federal Reserve officials, Christopher Waller and Michelle Bowman, may dissent against the expected decision to keep the key interest rate steady at 4.3%. This would be unprecedented in over three decades. The division signals differing views on the economy, which grew 3% in the second quarter but barely expanded in the first. President Trump advocates for rate cuts, viewing economic growth favorably, while Fed officials are cautious due to inflation risks.

Courtesy: WTOP Staff