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Fed's Bowman and Waller Explain Why They Voted for Rate Cuts
Federal Reserve governors Michelle Bowman and Christopher Waller favored an interest-rate cut this week because they have grown more concerned about the labor market, and thought their colleagues were being too cautious about inflation.
President Trump said he's down to four potential replacements for Fed Chair Jay Powell, but he ruled out Treasury Secretary Scott Bessent as one of them in an interview on Tuesday.
Surprisingly weak July hiring data released on Friday highlighted a fractious Federal Reserve debate over whether the central ...
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